Elon Musk There are no signs of stopping. Since Donald Trump won the US presidential election, Musk’s net worth has skyrocketed. Their wealth increases every day, more than the total net worth of billionaires. According to the Bloomberg Billionaires Index, Elon Musk’s net worth has surpassed $300 billion. That means his net worth has become more than 3 times the wealth of Mukesh Ambani. For the first time in three years, Musk’s net worth has surpassed $300 billion. Elon Musk had been very supportive of Donald Trump during the elections. After Trump’s victory, investors are buying Tesla shares in droves. The day Trump won, Elon Musk’s net worth increased by $26.5 billion in a single day.
Why is Musk’s net worth increasing?
People expect Donald Trump’s government to create a favorable environment for Musk’s businesses. As if Trump could ban Chinese self-driving electric vehicles. Seeing this, people are buying Tesla shares with enthusiasm. The company’s shares are up 28 percent since Tuesday. Due to the rise in Tesla shares, Musk’s net worth increased by $17.4 billion on Friday and reached $314 billion. After Musk, the second richest person in the world is Amazon founder Jeff Bezos, whose net worth is $230 billion.
Decrease in Adani-Ambani net worth
The net worth of India’s two richest people decreased on Friday. Reliance Industries Chairman Mukesh Ambani’s net worth has fallen by $1.66 billion to $97.1 billion. At the same time, Adani Group Chairman Gautam Adani’s net worth has fallen by $1.33 billion to $92.3 billion.
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