This is reported by RBK-Ukraine referencing CNN and Bloomberg. According to reports from Kontrakty.UA.
As the media states, on November 22, Musk's wealth reached a record $347.8 billion, surpassing his previous record set in November 2021 when the Tesla founder's fortune exceeded $340 billion.
Specifically, yesterday Tesla's shares rose by 3.8%, and overall from the election day on November 5 to November 22, they increased by approximately 40%. This growth is linked to investors' belief that Musk's influence in the administration of newly elected U.S. President Donald Trump will usher in an era of deregulation that will benefit the company.
Speaking of figures, Musk, who is the largest individual shareholder in Tesla, has become approximately $83 billion wealthier since the election.
According to WSJ, the billionaire's AI startup xAI also more than doubled in size during a new funding round this week.
Musk has rapidly outpaced his peers in the billionaire rankings, where the leading contenders often swap places. As of Tuesday, Musk was more than $100 billion richer than the second wealthiest individual, Amazon founder Jeff Bezos.
Media reports indicate that the alliance with elected U.S. President Donald Trump has propelled Musk and his enterprises to the forefront.
The publication reminds that the American billionaire is the CEO of Tesla and SpaceX, as well as the owner of X and CEO of other companies, including Neuralink, xAI, and Boring Company. Now, together with Vivek Ramaswamy, Musk will oversee the new "Department of Government Efficiency (DOGE)" in the U.S., named after the meme coin.
Recall that on Tuesday, November 19, the sixth test flight of SpaceX's Starship rocket took place in Texas. Not only CEO Elon Musk attended the event, but also elected U.S. President Donald Trump. The Associated Press reported that this trip strengthened their ties.