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The Independent UK
The Independent UK
World
Josh Marcus

Elon Musk’s wealth jumps by $170bn since election after he backed Trump with $277m

Elon Musks’s wealth has jumped more than $170 billion since Election Day, according to a Washington Post analysis, capping off a year that saw the tech billionaire go all in supporting Donald Trump and Republican candidates with a combined $277 million contribution.

A substantial portion of that increase is driven by Tesla’s soaring share price, according to the analysis. Musk owns a reported 12 percent of the electric automaker, the world’s most valuable car company, and Tesla shares are up about 70 percent since the election.

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