Thanks to supporting Mr. Trump, billionaire Elon Musk has nearly 21 billion USD more in just 1 day

(Dan Tri) - In just the past 24 hours, the net worth of Elon Musk, the world's richest billionaire, has increased by 20.9 billion USD thanks to the increase in Tesla shares and the companies that this billionaire owns.

On November 6, Republican candidate Donald Trump defeated Democratic rival Kamala Harris to win the US presidential election. As one of Donald Trump's biggest supporters, all eyes were on billionaire Elon Musk as the US election results were coming to a close .

Fortune estimates that Musk has donated at least $132 million to Trump’s campaign as of October 26. That makes Tesla’s continued stock rally not too surprising, especially as Trump nears victory.

Tesla shares rose more than 14.75% in trading on November 6. Tesla's stock price is currently around $288.53/share. The strong increase in Tesla shares has helped CEO Elon Musk, who is also the richest billionaire in the world, increase his assets by billions of dollars.

Specifically, according to Forbes real-time statistics, Elon Musk is the billionaire who earned the most money in the past 24 hours with his net worth increasing by 20.9 billion USD, reaching 285.6 billion USD.

This development helps Tesla CEO continue to firmly consolidate his position as the richest person on the planet with a huge gap compared to the person ranked next, Amazon boss Jeff Bezos, with a total net worth of 223.5 billion USD.

Billionaire Elon Musk's assets increased sharply in the past 24 hours (Photo: Forbes).

Billionaire Elon Musk's public support for Donald Trump in this year's White House race has made many investors believe in Tesla's stock price growth prospects and rush to buy.

According to Politico, if Mr. Trump is re-elected, Musk could become a powerful tycoon. Along with that, Musk can also expect to maintain or even increase government orders for SpaceX as well as preferential policies for Tesla.

In early September, Mr. Trump announced that he supported electric vehicles, despite his previous criticism. “I have to because Elon Musk has supported me so strongly. So I have no choice,” Mr. Trump added.

The election of Mr. Trump will have a significant impact on how the government treats Elon Musk’s companies. From satellites, electric cars, Neuralink brain chips to AI robots, billionaire Elon Musk owns a series of businesses that are heavily dependent on contracts and regulations set by the US government.

Source: https://dantri.com.vn/kinh-doanh/nho-ung-ho-ong-trump-ty-phu-elon-musk-co-them-gan-21-ty-usd-chi-sau-1-ngay-20241107002824103.htm