Following the U.S. presidential election where the candidate supported by Elon Musk was victorious, Tesla (TSLA, Financial) shares surged by 14.75%. This significant increase in stock value resulted in a substantial rise in Musk's personal net worth.
According to Forbes, Tesla's notable stock performance boosted Musk's wealth by $20.9 billion in a single day, raising his total assets to $285.6 billion. This remarkable increase further solidifies Musk's position as the world's wealthiest individual, significantly ahead of Jeff Bezos, who ranks second on the global list of billionaires.