Amid the potential victory of Donald Trump in the U.S. presidential elections, both the stock and cryptocurrency markets have seen a significant rise. This surge has had a substantial impact on the fortunes of well-known entrepreneurs, including Tesla's owner, Elon Musk. Over the span of two days, from November 5 to November 7, 2024, Musk's wealth increased by an impressive $26.45 billion due to a spike in Tesla's stock price.

Tesla Stock Performance and Musk’s Wealth Growth

On November 5, the day the elections began, Tesla (TSLA) shares were priced at $252 each, valuing Musk’s stock portfolio at $180.18 billion. However, over the next two days, the company’s shares surged to $289, pushing Musk's portfolio to a value of $206.64 billion. This means that his unrealized profit soared by $26.45 billion within just 48 hours.

According to the SEC's 13G/A form, Elon Musk holds 715,022,706 shares of Tesla. The notable rise in the company's stock was fueled by positive investor sentiment surrounding the anticipated victory of Republican candidate Donald Trump, whom Musk has actively supported.

Public Support and Prospective Collaborations

Elon Musk has repeatedly expressed his support for Trump publicly. The entrepreneur even conducted an interview with the candidate, discussing plans for a commission to oversee federal spending—a role Musk may potentially lead. This public endorsement added confidence to Tesla’s stocks and bolstered investor trust.

Following the preliminary election results, Musk was among the first to congratulate Trump on his potential victory and commented on the U.S. Department of Justice's decision to drop criminal proceedings against the politician. Musk’s strategic endorsements and business acumen further solidified his financial and reputational gains.

The U.S. elections acted as a catalyst for positive trends in both the stock and cryptocurrency markets. Stocks from sectors such as energy, banking, and large enterprises saw significant growth. On the other hand, the "green" energy sector experienced a decline, reflecting shifts in political priorities.

However, Elon Musk was not the only entrepreneur to benefit from the elections. MicroStrategy's founder, Michael Saylor, also experienced a substantial boost to his net worth.

Michael Saylor's Wealth Surge Amid Election Buzz

According to data from Fintel, Saylor controls 19,998,580 shares of MicroStrategy, which accounts for approximately 10% of the company. On November 5, 2024, MicroStrategy shares were trading at $230, but by the time of writing, they had risen to $257.8, increasing Saylor's portfolio value by $555.9 million.

Additionally, Saylor is well-known for his significant investment in Bitcoin. Reports indicate that he holds 17,732 BTC. On November 5, 2024, Bitcoin was trading at an average price of $69,000, but by November 7, it had reached $74,720. This rise brought Saylor's unrealized Bitcoin profit to an additional $101.4 million.

Impact on the Cryptocurrency Market

The U.S. elections spurred growth in the cryptocurrency market, as investors viewed Trump’s potential victory as a positive signal for the industry. Support for cryptocurrencies and blockchain technology, along with economic policies aligned with this sector, further strengthened trust in digital assets. Like Musk, Saylor benefited from this upward trend, highlighting his reputation as a leading advocate and investor in Bitcoin.

Saylor’s Noble Intentions

It is noteworthy that Michael Saylor previously announced his intention to leave his fortune to humanity, as he does not have direct heirs. This declaration underscores not only his success in investments but also his commitment to higher goals and social initiatives.

In conclusion, the potential victory of Donald Trump in the 2024 elections has sparked significant movements in the stock and cryptocurrency markets, benefiting major entrepreneurs. Elon Musk’s and Michael Saylor’s fortunes surged by billions of dollars in a short period, reflecting new expectations and prospects in global markets.