{"id":32067,"date":"2024-11-07T19:30:02","date_gmt":"2024-11-07T16:30:02","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32067"},"modified":"2024-11-07T15:22:03","modified_gmt":"2024-11-07T12:22:03","slug":"trumps-victory-earned-elon-musk-20-billion","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trumps-victory-earned-elon-musk-20-billion\/","title":{"rendered":"Trump\u2019s Victory Earned Elon Musk $20 Billion!"},"content":{"rendered":"

Donald Trump\u2019s victory in the U.S. presidential election boosted Elon Musk\u2019s wealth by $20 billion, reinforcing his position as the world\u2019s richest person. According to Forbes, Musk’s net worth increased by 7.5% in one day, reaching $285.6 billion.<\/p>\n

Tesla shares surged nearly 15% on November 6, hitting $286.74, the highest since September 2022. Musk, who had supported Trump, celebrated the victory on social media platform X even before the official announcement, stating that a \u201cclear mandate for change\u201d had been given. On November 7, after the Department of Justice dropped legal charges against Trump, Musk commented, \u201cThe American people have spoken very clearly.\u201d<\/p>\n

Elon Musk, who contributed at least $119 million to a pro-Trump super PAC, provided significant financial backing for the campaign. Trump\u2019s victory also benefited Amazon CEO Jeff Bezos, whose wealth increased by $7 billion as Amazon shares rose 3.8% to $207, bringing his net worth to $223.5 billion.<\/p>\n

Coinbase CEO Brian Armstrong gained $2.6 billion with a 31% surge in the company’s shares, raising his net worth to $11 billion. Bitcoin advocate and MicroStrategy founder Michael Saylor earned $600 million as his company’s shares rose 13%, lifting his wealth to $6.6 billion.<\/p>\n

Meanwhile, Dogecoin (DOGE), often praised by Musk, soared 40% following the election results, reaching $0.21. However, Trump-themed memecoins did not experience the same success and saw more than a 50% decline over the past 24 hours.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Donald Trump\u2019s victory in the U.S. presidential election boosted Elon Musk\u2019s wealth by $20 billion, reinforcing his position as the world\u2019s richest person. According to Forbes, Musk’s net worth increased by 7.5% in one day, reaching $285.6 billion. Tesla shares surged nearly 15% on November 6, hitting $286.74, the highest since September 2022. Musk, who<\/p>\n","protected":false},"author":23,"featured_media":32068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[3310],"class_list":["post-32067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-trump"],"yoast_head":"\nTrump\u2019s Victory Earned Elon Musk $20 Billion! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trumps-victory-earned-elon-musk-20-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s Victory Earned Elon Musk $20 Billion! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Donald Trump\u2019s victory in the U.S. presidential election boosted Elon Musk\u2019s wealth by $20 billion, reinforcing his position as the world\u2019s richest person. 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