Elon Musk is officially the wealthiest person in history with a net worth of $334.3 billion, according to Forbes. The dramatic rise follows a rally in Tesla stock, driven by Wall Street optimism about the pro-business stance of US President-elect Donald Trump, a close ally of the billionaire.<\/p>\n
Tesla’s stock has surged 40 per cent since Election Day, climbing 3.8 per cent on Friday alone to close at $352.56 \u2013 its highest price in over three years. This added $7 billion to Mr Musk’s fortune, pushing his net worth past the previous high of $320.3 billion \u2013 set during Tesla’s pandemic-era surge in November 2021.<\/p>\n
Elon Musk’s close ties with Trump have fuelled investor confidence.After endorsing Trump earlier this year, Mr Musk donated over $100 million to his campaign. He has been appointed chair of the new \u201cDepartment of Government Efficiency\u201d (DOGE), where he will work alongside biotech entrepreneur Vivek Ramaswamy.<\/p>\n
Wall Street analysts view the incoming administration’s anticipated deregulation efforts as a significant advantage for Tesla, particularly for its Full Self-Driving initiatives, which have faced regulatory scrutiny.<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk is officially the wealthiest person in history with a net worth of $334.3 billion, according to Forbes. The dramatic rise follows a rally in Tesla stock, driven by Wall Street optimism about the pro-business stance of US President-elect Donald Trump, a close ally of the billionaire. Tesla’s stock has surged 40 per cent […]<\/p>\n","protected":false},"author":3,"featured_media":255270,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,2],"tags":[112684,110400,116233],"class_list":["post-255267","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nri","category-top-stories","tag-ellon-musk","tag-musk","tag-musk-is-the-wealthiest-man"],"jetpack_featured_media_url":"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2024\/11\/musk.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/255267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=255267"}],"version-history":[{"count":1,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/255267\/revisions"}],"predecessor-version":[{"id":255271,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/255267\/revisions\/255271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media\/255270"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=255267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=255267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=255267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}