Orhan 
Donald Trump’s victory in the U.S. presidential election boosted Elon Musk’s wealth by $20 billion, reinforcing his position as the world’s 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 had supported Trump, celebrated the victory on social media platform X even before the official announcement, stating that a “clear mandate for change” had been given. On November 7, after the Department of Justice dropped legal charges against Trump, Musk commented, “The American people have spoken very clearly.”
Elon Musk, who contributed at least $119 million to a pro-Trump super PAC, provided significant financial backing for the campaign. Trump’s 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.
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.
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.
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