Donald Trump’s victory in the 2024 US Presidential election has led to a surge in the value of cryptocurrencies and US stocks, benefiting billionaires like Elon Musk, Jeff Bezos, and Warren Buffett. Elon Musk’s net worth has increased by approximately $20.9 billion, reaching a total of $285.6 billion.
This surge in wealth coincides with Tesla’s stock value rising by 14.75%. Other notable gains include Jeff Bezos’ net worth increasing by around $7 billion, and Larry Ellison’s net worth rising by approximately $11.7 billion. Despite these gains, there is uncertainty surrounding the future of the EV industry under a Trump presidency, as he may roll back incentives and rebates introduced during the Biden administration.
