Trump Victory: Elon Musk's Net Worth Crosses $300 Billion Amid Tesla Share Surge

American billionaire Elon Musk's net worth on Friday surpassed $300 billion for the first time in three years, aided by the surge in the value of his company, Tesla, since the results of the US presidential election, news agency Reuters reported.

Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as he speaks about voting during an America PAC Town Hall in Folsom, Pennsylvania, U.S. (File image)(REUTERS)

According to Forbes's real-time billionaires list, Musk's wealth topped $300 billion.

Tesla's market value closed above $1 trillion on Friday, the first time in over two years, as its shares surged 8.2% to $321.22. The company's stock gained 29% this week, adding more than $230 billion to its market capitalisation. The surge also marks its best performance since January 2023.