Billionaire genius Elon Musk has just set another rare record when in just one day (October 24), his personal net worth increased by nearly 34 billion USD, to 270 billion USD; thereby, firmly consolidating his position as the richest person on the planet, leaving the second place - Mr. Jeff Bezos - far behind by more than 60 billion USD.

Elon Musk’s fortune has increased dramatically despite his busy campaign for Republican candidate Donald Trump. The Tesla boss has also spent a lot of money on the campaign, which he “turned the tables” on since July, after Trump’s first assassination attempt. Before that, Elon Musk supported the Democratic Party.

Elon Musk has just made the whole world admire him with two days of "changing the world", from the successful "recapture" of the Super Heavy rocket for the first time in history on October 13 and the launch of the fully self-driving electric cars Tesla Robotvan and Robotaxi on October 10.

In fact, Elon Musk’s fortune remained unchanged at $247 billion over those two days. Elon Musk’s net worth only skyrocketed on October 24, after shares of his electric car company Tesla had their biggest one-day gain in more than a decade, up 22%.

Tesla reported a sharp increase in third-quarter profits. Tesla's market capitalization jumped from $700 billion to more than $836 billion. Musk owns about 12% of Tesla's shares, excluding options.

Donald Trump has just made a comeback, for the first time polling higher than Kamala Harris (October 21) and leading Harris by 2 percentage points (51% vs. 49%) on October 24 in a national survey by Forbes in conjunction with HarrisX, less than two weeks before Election Day (November 5). Trump also has an advantage from early voting.

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Elon Musk is considered the person who helped Donald Trump turn the tide in the race to the White House. Photo: BT

What will Elon Musk say if Mr. Trump wins the election?

Elon Musk's $34 billion fortune in just one day has given credence to predictions that the Tesla boss will become the first person on the planet to be worth $1 trillion.

Elon Musk's fortune has skyrocketed largely thanks to Tesla, which saw third-quarter revenue rise 8% year-on-year and profits rise 17.3%. Many are also optimistic that Tesla's car sales could increase by as much as 30% in 2025.

Of course, the expectations for Tesla are also tied to positive signals from Mr. Trump. Recently, Mr. Trump has stopped criticizing electric cars in the US market.

However, what Elon Musk expects is probably not just that, not simply pushing Tesla up but is said to serve his "crazy" ambitions, such as launching tens of thousands of satellites, massively testing rockets, conquering and bringing humans to Mars, implanting Neuralink brain chips, then AI robots,... Musk can expect unprecedented contracts and policies from the US government for startups like that.

Elon Musk has disliked Mr. Trump for many years, but there is one thing quite similar between these two people: unusual thinking, sometimes considered "crazy".

Compared to Tesla, SpaceX is a much more ambitious project. According to previous calculations, SpaceX was valued at about $210 billion, of which Musk owns about 42%. But now, with the giant steel arm successfully "catching" the Super Heavy rocket on October 13, SpaceX's valuation has changed.

But it’s just the beginning. If Mr. Trump wins, startups with Elon Musk’s unusual ideas will be very favorable. Elon Musk is considered the person who helped Mr. Trump turn the tables dramatically, not only because of the huge amount of money Musk supported the campaign, but also from Musk’s “fans”, from the X platform (Twitter) that this billionaire previously acquired and his successes ahead of his time.

With a series of bizarre projects, each success will help Elon Musk increase his assets at a rate that few billionaires in the world can match. A $1,000 billion businessman is probably just a matter of time.

If Trump wins, Elon Musk could also be appointed to head an efficiency commission and advise the White House on artificial intelligence. Elon Musk's path could be similar to Trump's, from businessman to politician.

Elon Musk, who is supporting Donald Trump, is worried about his $247 billion fortune? Elon Musk suddenly switched to supporting Donald Trump after the former US president was assassinated. Once very worried that Tesla would be at a disadvantage if Trump won the election, so what is Elon Musk worried about about his fortune that he no longer supports the Democratic Party?