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NEW YORK = Yasuhiro Kobayashi: Bloomberg News reported on the 11th that the assets of Elon Musk, the world's richest businessman, have reached $ 447 billion (about 68 trillion yen). It is said to be the first in the world to exceed 400 billion dollars.
Musk's assets have increased by about $180 billion (about 28 trillion yen) in just over a month since U.S. President-elect Donald Trump won the presidential election. The main reason for this is that the stock price of US electric vehicle (EV) giant Tesla, which is the CEO and the largest shareholder, has soared by about 70% since the presidential election.
The rise in the corporate valuation of SpaceX, a space development company led by Musk, and xAI, an AI (artificial intelligence) development company, also led to an increase in assets. Musk has been appointed as the head of the new "Ministry of Government Efficiency" in the next administration, and the view that he will benefit from deregulation in areas such as autonomous driving and AI has led to a rise in stocks.
Musk has been an active supporter of Trump's campaign financially, and has repeatedly posted in support of Trump and the Republican Party on his owner, X (formerly Twitter).
https://x.com/BitcoinMagazine/status/1867219789476729215
