Musk’s wealth reaches a new height. The valuation of SpaceX took a huge leap after the win of Donald Trump in the U.S. presidential election. Tesla and SpaceX boss Elon Musk net worth has suppressed $400 billion according to the Bloomberg Billionaires Index. They are setting a new fresh milestone on Wednesday and becoming the world’s richest person. He set a different and bright milestone.
The jump in his wealth and business outlets increases about $50 billion to $440 billion. According to the Bloomber’s statement
Following Donald Trump’s victory in last month’s US presidential election, Musk’s wealth—which is mostly dependent on the share price of Tesla and the valuation of SpaceX—has already seen a significant increase.
Since the November vote, Tesla’s stock price has increased by almost 65%.
Musk has contributed an incredible $270 million to Trump’s campaign, making him a well-known political donor and supporter.
He has been Trump’s constant aide since the election, urging him to see his SpaceX business launch a rocket in Texas.
The extent to which Musk’s companies engage with both the US and other governments varies, and his closeness to Trump has sparked worries that he may be able to further his personal agenda.
