On the evening of November 6, many American news agencies announced the results of the presidential election according to their data, with victory belonging to billionaire Donald Trump.

Although there are no official results yet, the US media has acknowledged that former President Donald Trump has won enough electoral votes to win the race to the White House and will become the 47th president of the United States.

Republican candidate Donald Trump won 277 electoral votes (over the required threshold of 270), compared to 224 votes for Democratic candidate Kamala Harris.

Mr. Trump also gave a speech at the Mar-a-Lago villa, Palm Beach, Florida - where he resides - declaring a "resounding victory" with many "obstacles that no one thought were possible". From a billionaire to the US president, then lost the election and was also the first president to be impeached twice, then prosecuted on many charges, then returned to run for election to win.

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Elon Musk “turned the tables” on Trump in July, after Trump’s first assassination attempt in Butler, Pennsylvania. Photo: Barrons.

In his victory speech to his supporters, Mr. Trump praised billionaire Elon Musk as a “super genius” and said that the billionaire’s Starlink satellite service helped save many lives during Hurricane Helene.

Elon Musk was one of the main donors to Mr. Trump’s election campaign. Elon Musk used to support the Democratic Party, but the Tesla boss “turned the table” to support Mr. Trump in July, after the former US president suffered his first assassination attempt in Butler, Pennsylvania.

Previously, in many statements to voters, Mr. Donald Trump said he would invite Elon Musk to join his administration, most likely in the position of a minister in charge of anti-waste issues and increasing government efficiency.

Billionaire Elon Musk has also called this agency the "Department of Government Efficiency", abbreviated as DOGE, the same name as a cryptocurrency supported by Elon Musk.

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Elon Musk's fortune increased by $16.5 billion after Mr. Trump won the election. Source: FB

If Elon Musk is appointed to a position in the Donald Trump administration, America will have a hundred billion dollar cabinet for the first time in history because Elon Musk is currently the richest billionaire on the planet.

Immediately after Mr. Trump won the election, in the session of November 6, Tesla shares increased by more than 13%, to 284 USD/share, thereby helping Elon Musk's assets increase by 6.2%, equivalent to an additional 16.5 billion USD, to 281.2 billion USD.

Mr. Musk may benefit from the new administration because Mr. Trump supports space exploration projects, including Elon Musk's SpaceX.

During his previous term, Mr. Trump created the richest cabinet in American history by choosing many billionaires and millionaires to join the government. Mr. Trump himself at that time had assets of about 3.7 billion USD. Secretaryof Education Betsy Devos had assets of more than 5 billion USD. Secretary of Commerce at that time, Wilbur Ross, had assets of 2.5 billion USD. Mr. Ross's deputy, Todd Ricketts, had 1.7 billion USD,... The total assets of Trump's cabinet at times reached tens of billions of USD.

However, if the new administration has Elon Musk, America will have a "hundred billion dollar cabinet".

Donald Trump declares victory: Gold price plummets, Bitcoin, USD soar. Speaking for the first time since the election ended, Donald Trump declared that he "made history". Gold price plummeted, while Bitcoin and USD skyrocketed.