Elon Musk's net worth surges by $26.5 billion after Donald Trump wins US election

Elon Musk, with other billionaires like Amazon's Jeff Bezos, Oracle's Larry Ellison, and Warren Buffett saw their net worths rise after Trump won the elections

The victory of Republican candidate and former president Donald Trump in the US elections this time led to the net worth of his largest backer surging by $26.5 billion.

Elon Musk, the world's richest person, has also been one of Trump's largest supporters for this election, having donated around $119 billion to his campaign and endlessly supporting him on his social media platform X (Formerly Twitter).

The end result? His net worth grew by $26.5 billion to reach $290 billion, according to the Bloomberg Billionaires Index, after shares of his companies rallied post the election results.

Tesla shares for instance, rose by 14.75% or by $37.09 to reach $288.53 a share on the Nasdaq. The stock rose 18.81% over the previous two days from its close of $242.84 on November 4 to $288.53 on November 6.