Elon Musk Gained More Money Than Anyone In The World While Trump Was President

Elon Musk Gained More Money Than Anyone In The World While Trump Was President

The Tesla chief's fortune increased the most, however, after Joe Biden was elected president.



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America's first billionaire president was kind to America's billionaires, whose fortunes largely rose as the stock market climbed. No billionaire made out better than Tesla cofounder and CEO Elon Musk. From the time Donald Trump took office on January 20, 2017 to the end of his term on January 19, 2021, Musk's net worth has skyrocketed by more than $170 billion, Forbes calculates. 

Shares of Musk's electric vehicle maker, Tesla, have soared by 1,625% over the last four years, far outpacing the broader stock market. (During that time, the S&P 500 and Dow Jones Industrial Average gained around 70% and 60%, respectively.) 

Musk's fortune has grown at an unprecedented rate. The day that Trump took office, Musk had a net worth of $12.9 billion. He is now the second-richest person in the world, with a net worth of $184 billion, according to Forbes' estimates. 



The Tesla billionaire is now just $6 billion behind the current wealthiest person on the planet, Amazon CEO Jeff Bezos, who is worth $190 billion. The two billionaires have