The Tesla founder has seen his wealth surge since the 2024 US presidential election.
The aftermath of the 2024 US presidential election has been a boon to Elon Musk. The richest person in the world got even richer Friday, with Musk’s net worth hitting a record $347.8 billion, Bloomberg reported. That beats his previous record set in November 2021, when the Tesla founder’s net worth exceeded $340 billion, according to the Bloomberg Billionaires Index. Shares of Tesla have rallied since the November 5 election and climbed 3.8% on Friday.
An alliance with President-elect Donald Trump has pushed Musk and his ventures to the forefront. Musk is the chief executive of Tesla and SpaceX, as well as the owner of X and CEO of other ventures, including Neuralink, xAI and the Boring Company. Now, along with Vivek Ramaswamy, he will oversee a new “Department of Government Efficiency ,” named after a memecoin.
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