Elon Musk: $70 Billion Richer Since Trump's Victory

Since Donald Trump's election victory last week, Tesla's 39% increase has boosted Elon Musk's fortune by approximately $70 billion. Elon Musk, who spent at least $130 million to help Trump get elected, is seen by the markets as the biggest winner from Trump's victory. According to Forbes, Musk's net worth has reached $320 billion, surpassing Oracle founder Larry Ellison, who is the world's second richest person, by $90 billion. Ellison, a close friend of Musk and a former Tesla board member, is one of the leading Republican donors. Shares of Oracle, owned by Ellison, have also risen by 10% since Trump's victory, increasing Ellison's net worth by around $20 billion.