Republican candidate and former President Donald Trump's victory in the US election this time resulted in the net worth of his biggest donor increasing by $26.5 billion.

Elon Musk, the world's richest person, was also one of Trump's biggest supporters in this election, having donated around $119 billion to his campaign and endlessly supporting him on his social media platform X (formerly Twitter).

Also read: “Biggest Cutter”: What role could Elon Musk play in Donald Trump’s administration?

The end result? According to the Bloomberg Billionaires Index, his net worth grew by $26.5 billion to $290 billion after shares in his companies rose following the election results.

Tesla shares, for example, rose 14.75%, or $37.09, to reach $288.53 per share on the Nasdaq. The stock rose 18.81% in the last two days from its closing price of $242.84 on November 4th to $288.53 on November 6th.

Who were the other billionaires whose net worth increased after the election?

Musk wasn't the only one who benefited from Trump's victory. Amazon founder Jeff Bezos, the world's second richest person, saw his net worth increase by $7.14 billion to $228 billion.

Also read: What if automobile manufacturing took the same path as consumer electronics?

Also, Oracle co-founder and CTO Larry Ellison, the fourth richest person in the world, saw his net worth increase by $9.88 billion to $193 billion, and investor and Berkshire Hathaway Chairman Warren Buffett, the ninth richest person , gained with his net worth $7.58 billion, net worth rises to $148 billion.

How did the US stock market perform after the elections?

The US stock market generally rose sharply after Trump became the 47th President of the United States.

The S&P 500 rose 2.53% to $5,929.04, the Dow Jones Industrial Average rose 1,508.05 points, or 3.57%, to $43,729.93, the Nasdaq Composite rose 2.95% to 18,983.46 $ and the Russell 2000 Index rose 5.84% to $2,392.92.

Also read: Shares of Donald Trump's Truth Social are rising after narrowing losses on election night