Elon Musk Becomes Richest Person in History Following Trump Election

The billionaire's fortune surged to $348 billion after a sharp rise in Tesla's stock and his close ties to President-elect Donald Trump.

Elon Musk's wealth reached $348 billion, surpassing his previous 2021 record and making him the richest person in modern history, according to Bloomberg.
The billionaire's fortune increased by $83 billion in less than a month, driven by a 40% rise in Tesla's stock and growth in his other ventures like xAI, now valued at $50 billion.
Musk played a key role in Donald Trump’s campaign, contributing over $100 million and gaining a cabinet position as Minister of Governmental Efficiency in the incoming administration.
The new position tasks Musk with cutting $2 trillion from the $7 trillion federal budget, focusing on streamlining bureaucracy and reducing public-sector spending.
Historians debate whether Musk has surpassed historical figures like Mansa Musa, whose 14th-century wealth is estimated to have been even greater when adjusted for inflation.