As soon as Trump became President, Musk became rich, spent blind money, no one in history has so much wealth

New Delhi: The owner of SpaceX and Tesla CEO Elon Musk is in the news these days. Recently he spent his money like water in the US Presidential elections. Now big news has come out regarding his property. According to Bloomberg report, Musk has become the first person in history to reach a net worth of $400 billion. This achievement has been achieved after the recent insider share sale and the recent US election results.

According to the Bloomberg Billionaires Index, the internal share sale of his company SpaceX increased the business giant’s net worth by almost $50 billion, taking his net worth to $439.2 billion. At the end of 2022, Musk’s net worth was seen to decline by more than $200 billion, though last month when Donald Trump was elected president, Musk saw huge gains, becoming one of the incoming administration’s most influential donors and allies. Was one of.

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According to Bloomberg report, shares of Tesla Inc. have increased by about 65 percent before the elections. Markets are anticipating that Donald Trump will streamline the rollout of self-driving cars and eliminate tax credits for electric vehicles that help Tesla’s rivals. It is noteworthy that after being named as the co-head of the newly formed Government Department of Government Efficiency, Elon Musk will also play an important role in the administration of newly elected President Donald Trump.

How did so much wealth reach?
According to the Wall Street Journal, the value of his artificial intelligence company xAI has doubled, reaching $50 billion, since he started raising funds for it in May. Which is partly inspired by Trump’s victory. On Wednesday, SpaceX and its investors struck a deal that bought $1.25 billion worth of shares from employees and company insiders, valuing the privately held company at $350 billion. The deal makes SpaceX the world’s most valuable private startup.

Will Trump benefit Musk?
Many questions are being raised due to Musk’s sudden increase in wealth. Musk has invested blind money to elevate Trump to the presidency. After winning the election, Trump also gave Musk a place in his government as a gift. The question is also arising whether Trump, while in government, will benefit Musk in the same way as Musk has spent money in his election. At present, Trump will start working from his office in January. Only the decisions he takes will be able to reveal the secret of how much benefit he brings to Musk.

Tags: America News, Donald Trump, Elon Musk