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		<title>Trump’s Victory Brought Elon Musk $26 Billion</title>
		<link>https://theinsider.at/en/trumps-victory-brought-elon-musk-26-billion/</link>
					<comments>https://theinsider.at/en/trumps-victory-brought-elon-musk-26-billion/#respond</comments>
		
		<dc:creator><![CDATA[Eugenia Vlasenko]]></dc:creator>
		<pubDate>Sat, 09 Nov 2024 20:48:21 +0000</pubDate>
				<category><![CDATA[Celebrities]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Elon Musk]]></category>
		<category><![CDATA[Jeff Bezos]]></category>
		<category><![CDATA[money]]></category>
		<guid isPermaLink="false">https://theinsider.at/?p=125248</guid>

					<description><![CDATA[Jeff Bezos and Other Tycoons Also Profited &#160; Following Donald Trump’s victory in the presidential election, several of the world’s wealthiest people saw significant gains in their fortunes. Elon Musk, the head of Tesla, saw the biggest profit — his wealth increased by $26.5 billion in just one day. The reason for this was the&#8230;]]></description>
										<content:encoded><![CDATA[<p style="text-align: center;"><strong>Jeff Bezos and Other Tycoons Also Profited</strong></p>
<p>&nbsp;</p>
<p>Following Donald Trump’s victory in the presidential election, several of the world’s wealthiest people saw significant gains in their fortunes. Elon Musk, the head of Tesla, saw the biggest profit — his wealth increased by $26.5 billion in just one day.</p>
<p><img fetchpriority="high" decoding="async" class="size-full wp-image-125254 aligncenter" src="https://theinsider.at/wp-content/uploads/2024/11/elon-musk.jpg" alt="Elon Musk" width="1000" height="667" srcset="https://theinsider.at/wp-content/uploads/2024/11/elon-musk.jpg 1000w, https://theinsider.at/wp-content/uploads/2024/11/elon-musk-300x200.jpg 300w, https://theinsider.at/wp-content/uploads/2024/11/elon-musk-768x512.jpg 768w, https://theinsider.at/wp-content/uploads/2024/11/elon-musk-370x247.jpg 370w, https://theinsider.at/wp-content/uploads/2024/11/elon-musk-800x534.jpg 800w, https://theinsider.at/wp-content/uploads/2024/11/elon-musk-20x13.jpg 20w, https://theinsider.at/wp-content/uploads/2024/11/elon-musk-185x123.jpg 185w, https://theinsider.at/wp-content/uploads/2024/11/elon-musk-740x494.jpg 740w, https://theinsider.at/wp-content/uploads/2024/11/elon-musk-400x267.jpg 400w, https://theinsider.at/wp-content/uploads/2024/11/elon-musk-72x48.jpg 72w" sizes="(max-width: 1000px) 100vw, 1000px" /></p>
<p>The reason for this was the remarkable surge in assets of many companies following the U.S. elections, according to Bloomberg. Specifically, Tesla’s shares in New York rose by 15% at the end of trading, boosting the company’s annual growth to 32%.</p>
<p>According to the publication’s estimates, Trump’s victory brought a record $63.5 billion to several other magnates. In addition to Musk, Amazon founder Jeff Bezos increased his wealth by $7 billion.</p>
<p><img decoding="async" class="size-full wp-image-125250 aligncenter" src="https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos.jpg" alt="Elon Musk" width="1000" height="666" srcset="https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos.jpg 1000w, https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos-300x200.jpg 300w, https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos-768x511.jpg 768w, https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos-370x246.jpg 370w, https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos-800x533.jpg 800w, https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos-20x13.jpg 20w, https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos-185x123.jpg 185w, https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos-740x493.jpg 740w, https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos-400x266.jpg 400w, https://theinsider.at/wp-content/uploads/2024/11/dzheff-bezos-72x48.jpg 72w" sizes="(max-width: 1000px) 100vw, 1000px" /></p>
<p>Others who saw gains included Oracle co-founder Larry Ellison, whose fortune grew by nearly $10 billion in a day; Berkshire Hathaway’s Warren Buffett, who gained $7.58 billion; Google co-founder Larry Page, with an increase of $5.53 billion; and Binance founder Changpeng Zhao, whose capital rose by $12.1 billion in a day.</p>
<p>Interestingly, Musk reportedly invested heavily in Trump’s campaign. Western media reported that Elon sponsored the Republican with $130 million, and in return, Trump promised to appoint Musk to an official position in the government.</p>
<figure id="attachment_125249" aria-describedby="caption-attachment-125249" style="width: 1024px" class="wp-caption aligncenter"><img decoding="async" class="wp-image-125249 size-large" src="https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-1024x894.jpeg" alt="Elon Musk" width="1024" height="894" srcset="https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-1024x894.jpeg 1024w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-300x262.jpeg 300w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-768x671.jpeg 768w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-370x323.jpeg 370w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-800x699.jpeg 800w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-20x17.jpeg 20w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-185x162.jpeg 185w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-740x646.jpeg 740w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-400x349.jpeg 400w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp-55x48.jpeg 55w, https://theinsider.at/wp-content/uploads/2024/11/ilon-mask-i-donald-tramp.jpeg 1168w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-125249" class="wp-caption-text">Phоto: Doug Mills/The New York Times</figcaption></figure>
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