Elon Musk is not stopping at all. Ever since Donald Trump won the US presidential election, Musk’s net worth has grown wings. His wealth is increasing every day, more than the entire net worth of billionaires. According to the Bloomberg Billionaires Index, Elon Musk’s net worth has crossed $300 billion. That means his net worth has become more than 3 times the wealth of Mukesh Ambani. For the first time in 3 years, Musk’s net worth has crossed $300 billion. Elon Musk had supported Donald Trump a lot during the election. After Trump’s victory, investors are now buying Tesla shares in large numbers. 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 are hoping that Donald Trump’s government will create a favorable environment for Musk’s business. For example, Trump can ban self-driving Chinese electric vehicles. Given this, people are buying Tesla shares in large numbers. The company’s shares have jumped 28 percent since Tuesday. Due to the increase in Tesla’s 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.
Adani Ambani’s net worth declines
The net worth of India’s two richest people declined on Friday. Reliance Industries Chairman Mukesh Ambani’s net worth fell by $1.66 billion to $97.1 billion. At the same time, Adani Group Chairman Gautam Adani’s net worth fell by $1.33 billion to $92.3 billion.