According to Odaily Planet Daily, Elon Musk's net worth increased by approximately $50 billion to $439.2 billion. At the end of 2022, his net worth had declined by more than $200 billion.

After Trump won the election last month, Musk's fortune skyrocketed as his biggest financier. On Wednesday, SpaceX and its investors agreed to purchase $1.25 billion in stock from employees and other company insiders.

The deal values SpaceX at approximately $350 billion, making it the most valuable private startup in the world.