A meteoric rise favored by the election of Donald Trump
Elon Musk therefore saw his fortune reach a historic peak of $348 billion according to the Bloomberg index. This spectacular jump is partly explained by the election of Donald Trump as President of the United States. Musk, an active supporter of the Republican candidate, had invested more than 100 million dollars in his campaign, a political bet which proved fruitful. Hours after the results were announced, Tesla shares soared, increasing Musk's fortune by $15 billion in one day. The next day, this amount rose to 26 billion. It's colossal.
Unprecedented wealth in the modern era
In one year, Elon Musk amassed $130 billion, a rate of growth never seen in contemporary history. His wealth far exceeds that of his main competitors: Jeff Bezos (219 billion), Larry Ellison (206 billion) and Mark Zuckerberg (198 billion). This concentration of capital, although rare, remains lower than that of historical figures. John Rockefeller, adjusted for inflation, would have accumulated the equivalent of 336 billion dollars, but above all Mansa Moussa, African monarch of the 14th century, would have held up to 400 billion dollars.
Mansa Moussa, also known as Kankou Moussa, was the tenth “mansa” of the Mali Empire, reigning from 1312 to 1332 or 1337. Of incredible wealth thanks to the exploitation of Malian gold, estimated between three and four tonnes per year, legend names him as the richest man of all time.
The key role of diversification
If we go back to the modern era and Elon Musk, it's not really about gold with him. Its strategy is of course based on the diversification of its activities in cutting-edge sectors such as electric automobiles, aerospace and technology. Unlike the tycoons of the past focused on industrial monopolies, Musk is positioning himself in several emerging markets. His proximity to Donald Trump could also strengthen his influence, in particular with his appointment as Minister (so to speak) of Government Effectiveness. Its mission: to reduce the federal budget by $2,000 billion by applying methods inspired by its entrepreneurial management.
How do you view such a level of wealth? Do you think this is normal and acceptable, or in your opinion, does it even raise some questions and certain problems? And above all, have you validated your next Eurobillion ticket?
