Following Donald Trump’s victory in the U.S. presidential election on November 5, Tesla CEO Elon Musk’s net worth has dramatically increased.
On Wednesday morning, Fortune magazine reported that Musk, the world’s wealthiest individual, saw his fortune surge by $15 billion, briefly reaching $286 billion during trading hours.
This substantial gain is attributed to a 13% jump in Tesla’s stock price, where Musk holds a 13% stake.
Tesla shares climbed to $287 per share that day.
Musk had initially remained neutral regarding the election. However, after Trump was lightly injured last July by a gunshot during a campaign rally in Pennsylvania, Musk publicly endorsed him and began actively participating in Trump’s campaign events.
Musk posted a photo on X showing him in conversation with Trump at a victory celebration.
Musk is now considered a potential candidate for the head of the government efficiency committee, which is expected to be newly formed in the second Trump administration.
