Elon Musk's fortune increased by more than $20 billion after Trump's victory

After Donald Trump's victory in the presidential election, the CEO's fortune Elon Musk's Tesla rose sharply, adding $20 billion to reach $285.6 billion.

The increase in Musk's capital is associated with an increase in the value of Tesla shares, which jumped by 15% and reached $286.74 in over-the-counter trading. which was the highest since September 2022. According to Forbes, his net worth increased by 7.5% in just one day.

Musk, who actively supported Trump, was quick to celebrate his victory. In the X social network, he noted that “the people of America spoke and spoke with absolute clarity.” He also stated that Trump received a “crystal clear mandate for change”.

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Who else got richer thanks to Trump's victory

In addition to Musk, other billionaires also benefited from Trump's success. The fortune of Jeff Bezos, the head of Amazon and the second richest person in the world, increased by $7 billion, reaching $223.5 billion. This was thanks to a 3.8% increase in Amazon shares, which reached a record high of $207 by the end of trading on November 6.

Coinbase CEO Brian Armstrong also increased his capital by $2.6 billion, bringing it to $11 billion , after Coinbase shares surged 31%. MicroStrategy founder Michael Saylor is $600 million richer, pushing his fortune to $6.6 billion thanks to a 13% rise in his company's stock.

The massive market rally following Trump's victory shows support from large investors and optimism about future economic policies administration.