On November 6th, the day after Trump’s victory in the US presidential elections, Elon Musk, the world’s richest man, became $26.5 billion richer.
A week later, Musk’s wealth increased by another $70 billion, reaching a total of $400 billion by December 11th, making him the first billionaire to hit that mark.
Musk’s support for Trump’s campaign paid off as Trump won the election and appointed Musk to a key government role, despite conflicts of interest between his businesses and public service.
Musk’s wealth is largely tied to the fluctuation of his companies’ stock prices, influenced by financial speculation rather than daily operations.