Elon Musk is world’s richest person ever on earth with a massive net worth of Rs…, who is second richest?

Musk’s fortune has surged by USD 83 billion since Election Day, reaching unprecedented levels, according to the Bloomberg Billionaires Index. Despite facing stiff competition in recent years, Tesla shares have rebounded strongly, climbing 3.8% on Friday. Investors are optimistic about Musk’s new role in President-elect Trump’s administration, where he will co-lead the Department of Government Efficiency (DOGE) alongside Vivek Ramaswamy. Market analysts view this development as a potential turning point, with expectations of favorable policies benefiting Tesla and boosting its market position.

Wall Street’s confidence in a more favorable regulatory environment under President-elect Donald Trump, particularly for Tesla’s self-driving vehicles, has fueled this dramatic increase, according to Forbes.