Elon Musk has become the first individual to surpass the $300 billion mark in net worth, now estimated at $304 billion, following a sharp increase in Tesla’s stock. This milestone comes on the heels of Donald Trump’s re-election, with Musk’s wealth jumping by $54 billion in just five days, according to Forbes’ Real-Time Billionaires list.
Key Highlights:
- Tesla’s Stock Surge: Tesla’s stock climbed 8.19% on Friday to $321.22 per share, pushing Musk’s wealth up by 4.71% in a single day. The surge reflects a 30% weekly increase, largely attributed to Trump’s election win.
- Political and Financial Influence: Musk was an active supporter of Trump’s campaign, making multiple appearances at rallies. Trump’s return to office has fueled investor optimism in tech sectors, especially electric vehicles, contributing to Tesla’s stock rally.
- Growing Government Ties: Musk reportedly remains in close communication with Trump’s administration. Recently, he participated in a call between Trump and Ukrainian President Volodymyr Zelenskyy, showcasing his expanding influence.
Musk’s Wealth Amid the World’s Richest:
Following Musk, Larry Ellison, co-founder of Oracle, holds the second-highest net worth at $230.7 billion, with Amazon’s Jeff Bezos ($224.5 billion), Meta’s Mark Zuckerberg ($203.8 billion), and luxury tycoon Bernard Arnault ($165.5 billion) trailing behind.
Impact on Tesla and Future Prospects:
As Musk’s wealth is tightly linked to Tesla’s performance, supportive policies from the Trump administration could play a critical role in the company’s growth, especially as Musk advocates for regulatory frameworks favoring autonomous vehicle technology.
