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Fortune
Fortune
Brooke Seipel

Elon Musk's net worth rockets to over $300 billion as Trump win fuels optimism for Tesla and SpaceX

Tesla and SpaceX CEO Elon Musk speaks at a Trump rally. (Credit: Photo by ANGELA WEISS/AFP via Getty Images)

The world's richest man keeps getting richer. Elon Musk’s net worth has hit a major milestone, surpassing $300 billion for the first time in nearly three years, Bloomberg reports.

The jump follows growing optimism that President-elect Donald Trump's administration would provide a favorable environment for Musk's businesses. For example, Trump has promised to ban self-driving Chinese electric vehicles, a key competitor for Musk's Tesla robotaxi.

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