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Following the American presidential elections, Donald Trump saw his capital increase by $1 billion. How ? Thanks to its financial investments.
Donald Trump: the double victory
Donald Trump a won the elections American presidential elections yesterday. He will take office on January 20, during the official ceremony in Washington.
Not content with having offered himself the place of president of the United States of America, Trump also had a billion dollar surprise on its investments.
Indeed, the 47th President of the United States owns numerous financial investments. The action Trump Media (DJT)following the election results, saw its price increase by 35%.
As a majority shareholder in the company, he is a direct beneficiary of this spectacular increase in $3.9 billion within which he can claim 1 billion dollars in profits.
Elon Musk bet on Donald Trump
During the elections, Elon Musk, the owner of Space X and Tesla, donated $75 million to Donald Trump.
He also appeared, on several occasions, alongside the Republican candidate. Political maneuver? Maybe not. In reality, it could rather be akin to a very nice shot financier.
Taking a closer look at the Tesla stock price, we see an impressive increase during the announcement of the election results. Currently, the asset is up 11.82% over the last 5 days.
On the Space X side, the increase is slimmer, but is still 3.33% over the same period.
Thus, in addition to having won the favors of the Republican camp, Elon Musk not only attracted the good graces of Trump, but also offered himself a great performance on the markets.
The future will tell us whether a special place awaits Elon Musk in the American government. For now, Trump and Musk can savor their mutual victories. In the same way as this Frenchman who bet the astronomical sum of 45 million dollars on Trump’s victory on Polymarket.
Sources : CNN
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