Musk, who is already the richest person in the world, broke his own record this Friday. The owner of tesla It reached $347.8 billion, a figure that exceeds its previous figure, in November 2021.
The last record of his assets, three years ago, had reached US$340,000 million, according to the Bloomberg Billionaires Index. And everything indicates that this escalation is due to his recent incorporation into the presidential cabinet that will take power in January 2025.
Elon Musk, the richest man in the world, now richer after the US elections
Tesla shares have rallied since November 5 and are up 3.8% on Friday. Since the elections, stocks have risen nearly 40% due to investors’ belief that Musk’s influence on the Trump administration will mark the beginning of a era of deregulation that will benefit the company.
Musk, Tesla’s largest individual shareholder, is approximately US$83 billion richer since election dayaccording to the Bloomberg Billionaires Index. The alliance with President-elect Donald Trump has brought Musk and his companies to the forefront.
Musk is the CEO of Tesla and SpaceXas well as the owner of x and CEO of other companies, such as Neuralink, xAI and Boring Company. Now, along with Vivek Ramaswamy, he will oversee a new “Department of Government Efficiency (DOGE)”, which bears the acronym of a memecoin.
Musk has soared above his peers in the billionaire rankings, where top spots are often swapped. As of Tuesday, Musk was more than $100 billion richer than the second-richest person, Amazon founder Jeff Bezos..
Elon Musk announced million-dollar cuts during the next Donald Trump government
In his new role, in charge of DOGE, Musk announced an offensive to reduce the number of officials and federal spending by about $500 billion.
In statements to The Wall Street Journal, the businessman announced that his aim are hundreds of billions of dollars in government spendingincluding funding for public broadcasting and abortion rights organizing Planned Parenthood.
Source: Ambito
