Elon Musk sets record on rich list

 

 

Elon Musk continues to lead the world's richest list. According to the Hurun list, Elon Musk's wealth has increased by 82% or $189 billion to a total of $420 billion. This is the fourth time in five years that Elon Musk, the owner of Tesla and SpaceX, has ascended to the rich throne.

Experts have linked the surge in the wealth of the US-based rich with the arrival of Donald Trump as US President to the Trump effect. Experts also point out that the sharp increase in Tesla's share price is part of this. This 'Trump effect' has benefited many billionaires in the US. In addition to Musk, Facebook's Mark Zuckerberg, Amazon's Jeff Bezos, and Nvidia's Jensen Huang have also benefited from the Trump effect.

Allies like Peter Thiel have seen their fortunes rise. Peter Thiel's fortune has increased by 67% to $14 billion. Musk's fortune has also risen sharply. Musk has become the first person in history to surpass $400 billion.