Headline : Donald Trumps election win is already helping the worlds richest get even richer

Read more from the original article on here at qz.com.

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Donald Trump’s election victory sent the stock market skyrocketing, with key indexes surging on Wednesday. As a result, some of the wealthiest people on Earth found themselves billions of dollars richer.

The world’s wealthiest person saw his net worth gain $26.5 billion by market close on Wednesday after Tesla stock rose almost 15%. Musk controls close to 13% of Tesla’s (TSLA) outstanding shares, although he may be able to buy more stock — at a serious discount — if his compensation plan is approved by the courts. So far this year, Musk has added $61.3 billion to his net worth, reaching $290 billion in total, according to Bloomberg’s Billionaire Index.

His close relationship with the president-elect is helping fuel the gains, with Musk planning to advocate for a national approach to regulating driverless vehicles. He’s eyeing some kind of government role, although it’s unclear whether he would take an official position.

Read more: What Donald Trump’s election win means for stocks, the economy, and trade

Read more from the original article on here at qz.com.

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