Tech mogul Elon Musk’s wealth grew by $200 billion in 2024, following his concerted $277 million investment in President-elect Donald Trump’s reelection campaign as well as other Republican candidates, The Washington Post reported Sunday.

Since Trump’s election day win, Teslsa stocks continued to climb. On Friday, shares were trading at 70% higher than election day. Since then, Musk’s fortune has reached $422 billion.

Trump picked Musk to run the dubbed “Department of Government Efficiency.

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