Since the Tesla stock surge, Elon Musk has gained a net worth of $70 billion.

• Since the election of Donald Trump, Tesla's 39% increase in value has boosted Elon Musk's net worth by approximately $70 billion.
• Since the election, Musk's wealth has surged past $300 billion, placing him approximately $90 billion ahead of Larry Ellison, the world's second-wealthiest individual.
• Musk spent at least $130 million to help Trump get elected.

Elon Musk spent $44 billion to purchase Twitter, now known as X, and at least $130 million to aid in the election of Donald Trump as president.

Since Trump's victory, Musk's net worth has increased by $70 billion.

Since the election, Tesla's stock has increased by 39% in four trading days, raising its market cap beyond $1 trillion. The majority of Musk's wealth is invested in Tesla.

According to Forbes, Elon Musk's net worth has surged to $320 billion, placing him just $90 billion away from the world's second-richest individual, Larry Ellison. Ellison, a close friend of Musk's and a former Tesla board member, is a longtime Republican donor who has experienced a significant increase in his net worth due to Oracle's 10% growth, which added approximately $20 billion to his wealth.

Musk's mission to get Trump back into the White House consumed his time and resources. He launched a swing-state operation to register right-leaning voters and served as a surrogate for his preferred candidate. He also started $1 million giveaways to registered voters who signed his America PAC petitions and faced a lawsuit over running an illegal lottery in Pennsylvania.

In 2022, Musk utilized X, the social media platform he acquired, to frequently promote his support for Trump and spread false information about Vice President Kamala Harris, as well as topics such as immigration and voter fraud.

Musk is working to profit from his investments.

Last week, after the election, Musk briefly joined Trump's call with Zelenskyy, as reported by NBC News. Other outlets, including The New York Times and ABC, have stated that Musk has been involved in staffing decisions for the next administration and has spent a significant amount of time at Trump's Mar-a-Lago resort in Florida since the election. It is believed that Carr, who is expected to be Trump's pick to head the Federal Communications Commission, is a longtime Musk ally.

Elon Musk conducted a straw poll among his 200 million followers on Twitter asking who should be the Senate majority leader, and he endorsed Florida Republican Senator Rick Scott for the position. Additionally, he reposted a comment from Trump about the importance of the majority leader supporting recess appointments for Trump's nominees to avoid the need for Senate confirmation.

Musk wrote that it will take at least two years to confirm the new administration without recess appointments.

Benefiting Musk's empire

Musk has long aimed to decrease regulatory oversight to remove obstacles to his extensive business empire, which encompasses Tesla, X, SpaceX, xAI, Neuralink, and Boring Co.

Currently, various companies are facing investigations and legal actions from federal agencies for various issues, including alleged securities law violations, workplace safety, labor and civil rights violations, environmental law violations, consumer fraud, and vehicle safety defects.

The executive branch's significant influence over federal regulatory bodies may result in regulators and intelligence agencies reducing or dismissing some or all of the 19 ongoing federal investigations and lawsuits against Tesla, SpaceX, and X.

Gene Munster, a longtime Tesla bull and an investor at Deepwater Asset Management, stated in an interview with CNBC on Wednesday that he believes Tesla has the "golden touch" right now and possesses the "ear."

SpaceX, in addition to Tesla, is a "clear beneficiary" of a Trump presidency, Munster said. He added that xAI could be rewarded as the new administration considers AI regulations.

Munster stated that he is struggling to determine how this situation could negatively impact Elon.

Musk didn't immediately respond to a request for comment.

As of the latest filings, Musk owns 411.06 million Tesla shares and about 304 million performance-based options. In January, a Delaware judge voided Musk's 2018 pay package, which included options, calling it "unfathomable" because Musk controlled the board. Shareholders then voted to retroactively ratify the package in June. The judge has said a final ruling on whether to restore Musk's compensation will come soon.

Other billionaire tech executives, besides Musk and Ellison, have also experienced a post-election windfall.

Since Trump's victory, CEO Brian Armstrong's net worth has increased by approximately $4.5 billion. On Monday, Coinbase shares experienced a 20% increase, resulting in a total gain of 67% since Tuesday.

The crypto exchange played a significant role in supporting pro-crypto candidates through its PAC, Fairshake, resulting in many of its preferred candidates winning elections. This sets the stage for a more favorable regulatory environment for the industry.

The third quarter saw Tesla report a fair value of $729 million in "digital assets." Bitcoin has surged by 29% since the election, reaching a new record of over $88,000 on Monday.

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