Elon Musk and the US Elections: The Background of Wealth
Billionaire businessman Elon Musk has been on the agenda recently only with the elections held in the USA. Especially in this election process, Musk’s support for Donald Trump and the large amounts of money he spent in this process draw attention. Research reveals that Elon Musk allocated a budget of around 120 million dollars for Trump to win. This situation means much more than just political support; Musk has also taken a big risk in terms of his own business and investment strategies.
With the election results becoming clear, the rise in the US stock markets contributed greatly to Musk’s wealth. According to Bloomberg and Forbes’ billionaires indexes, Elon Musk earned more than $20 billion in just 24 hours. This situation once again reveals Musk’s foresight in investing and how well he can read stock market movements.
With these developments, Elon Musk’s net worth reached 290 billion dollars. According to the Bloomberg Billionaires Index, this figure is quite remarkable; However, on the Forbes Billionaires List, Elon Musk’s wealth is shown as 285.6 billion dollars. Such differences arise from differences between the data collection methods and evaluation criteria of both indices. Therefore, it is difficult to give an exact figure regarding Musk’s actual net worth.
The Richest People in the World
Elon Musk’s wealth makes him the richest person in the world. But Musk is not alone; There are many billionaires around the world. Here are the 5 richest names in the world, according to the Bloomberg Billionaires Index:
| Person | wealth |
|---|---|
| Elon Musk | $290 billion |
| Jeff Bezos | 228 billion dollars |
| Mark Zuckerberg | 202 billion dollars |
| Larry Ellison | $193 billion |
| Bernard Arnault | $173 billion |
These names have achieved great success in the technology and retail sectors. In particular, Elon Musk’s successes with the electric vehicle manufacturer Tesla and the space company SpaceX strengthen his place in this ranking. On the other hand, Jeff Bezos’ success with Amazon once again reveals how big a market e-commerce is.
As a result, Elon Musk’s political support and financial movements in this process continue to increase his influence and wealth in the business world. Such dynamics are how not only Musk, but also other billionaires around the world act and make decisions. It will continue to be a matter of curiosity how Elon Musk and other billionaires follow such strategies in the future.
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