Musk’s Net Worth Has Soared $91B Since Election Day

Axios reports:

Musk was already the world’s richest person before the election, and now his pocketbook and his power are getting even bigger. His net worth is now estimated at $353 billion, up $91 billion over the last month, according to the Bloomberg Billionaires Index. Seen as the First Buddy to Trump after opening his personal coffers for campaign purposes, Musk is positioned to directly influence federal spending and regulation. And as investors have signaled, that’s likely to benefit Musk and his expansive business empire.

Tesla — which would benefit from a federal regulatory framework for self-driving cars — has seen its share price jump about $100, or 40%, since the election. Time magazine named Trump its 2024 “Person of the Year,” and in a lengthy interview he addressed the potential for conflicts. “I think that Elon puts the country long before his company,” Trump said. “He considers this to be his most important project, and he wanted to do it. He puts the country before – and I’ve seen it – before he puts his company.”

Read the full article.

Trump insists Elon Musk will put country before his companies www.axios.com/2024/12/12/t…

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— Daily Rotation (@dailyrotation.bsky.social) December 12, 2024 at 10:46 AM