The wealth injection came largely from a surge in the stock price of his companies Tesla and SpaceX after the re-election of Donald Trump. "I suspect Elon Musk finds Donald Trump to be an appealing figure. "We have to get Elon," Trump instructed a photographer as they all posed for family photos on the historic night. DOGE is also the name of a cryptocurrency Elon Musk has bought and frequently promoted. "It'll be interesting to see how long [Elon Musk] wants to remain committed, but he certainly has the president's ear."

Source: Forbes November 17, 2024 10:14 UTC