Elon Musk’s financial status has significantly improved following the recent presidential election win by Donald Trump.

Musk, who bought Twitter, now rebranded as X, for US$44 billion, reportedly contributed US$130 million to support Trump’s campaign.

Since the election, Musk’s net worth has increased by approximately US$70 billion. This increase is primarily due to a 39% rise in Tesla’s stock over four trading days.

This surge has pushed Tesla’s market value beyond US$1 trillion, elevating Musk’s estimated wealth to US$320 billion, according to Forbes.