Mumbai, November 13: Elon Musk, the richest person in the world, has increased his net worth, crossing the USD 300 billion mark this year as Donald Trump won the US Presidency and was appointed to lead the Department of Government Efficiency (DOGE). The tech billionaire reportedly added USD 60 billion in wealth, exceeding his net worth and making him the even wealthier person in the world. Currently, he boasts a total wealth of 32,020 crores in USD.
Elon Musk supported Donald Trump throughout the campaign until he got elected as the 47th President of the United States. He also landed a White House job managing the government spending via DOGE. The reports said that the wealthiest man in the world promised to work for the government while Musk’s companies, including Tesla, xAI, SpaceX and Neuralink, remain under his control. Elon Musk’s Tesla and SpaceX Hold USD 1.73 Billion Worth Bitcoin in Total.
After the US Presidential Elections in 2024, Elon added USD 20 billion worth of wealth as Tesla share prices increased, pushing his total net worth to USD 290 billion. Recently, it crossed the USD 300 billion mark. According to reports, he added around USD 50 to USD 60 billion since Trump won the US Presidency. The reports said that his net worth was USD 285.6 billion on the day of the 2024 US Election Results.
It was reported that since the presidential win, Elon Musk has added around USD 60 billion, mostly tied to the rise in Tesla stock prices. Tesla stock rose 39%, which made the company’s valuation reach USD 1 trillion. According to Forbes’ website, Elon Musk’s real-time net worth is currently set at USD 308.1 billion. Elon Musk Says Department of Government Efficiency Will Post All Its Actions Online To Ensure Maximum Transparency, Guided by Public.
Musk, who has such massive wealth, announced to manage it. He expressed his desire to manage government spending and said he would reduce it by USD 2 trillion. Elon Musk further said that he would keep it transparent for all to see and suggest by posting the details online.
(The above story first appeared on LatestLY on Nov 13, 2024 05:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
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