New Delhi. Tesla CEO Elon Musk has created another record. He has now become the richest person not only of our time but also in history. According to Forbes, he now owns assets worth $334.3 billion. The reason for the increase in Elon Musk's net worth is the strong jump in Tesla's shares.

It is believed that the newly elected US President Donald Trump will implement many such policies that will support businessmen. It is well known that Trump and Musk have a very good relationship. Therefore, the market hopes that those policies will have a direct positive impact on Tesla. Due to this hope, a rally is being seen in Tesla's shares.

Shares have risen 40 per cent
since the start of the US presidential election. Tesla's shares have risen by 40 percent since the start of the US presidential election. This includes a 3.8 percent jump in the shares on Friday. On Friday, Tesla shares reached $352.56. This is the highest value of Tesla's stocks in 3 years. As a result, Musk's wealth increased by $7 billion and his net worth surpassed $320.3 billion. His net worth was $320 billion in November 2021, which was his highest net worth to date. A large part of Musk's net worth comes from his 13 percent stake in Tesla and 9 percent equity award.

Musk and Trump's friendship
Elon Musk openly supported Donald Trump in the presidential election. He also contributed $100 million to Trump's campaign. Musk's friendship with Trump further increased investors' confidence in him. Musk has been made the chairman of the newly formed Department of Government Efficiency (DOGE). He will share this post with biotech entrepreneur Vivek Ramaswami.

Contribution of other companies
Elon Musk's other companies also contribute significantly to his wealth. He has a 60% stake in the artificial intelligence company xAI, which is valued at $50 billion and this has added $13 billion to his net worth. Apart from this, he has a 42% stake in SpaceX, which is valued at $210 billion. This has added $88 billion to his wealth. SpaceX's upcoming funding round could increase its value to $250 billion, which is likely to add another $18 billion to Musk's wealth.