Musk Puts $277 Million into Election, Now Worth $200 Billion More
Elon Musk, the billionaire CEO of Tesla and SpaceX, has made a significant investment in the 2022 midterm elections. According to reports, Musk contributed $277 million to various political action committees (PACs) and super PACs, making him one of the largest donors in the election cycle.
Musk’s investment has apparently paid off, as his net worth has increased by a staggering $200 billion in the past year. The billionaire’s net worth now stands at over $250 billion, making him one of the richest people in the world.
It’s worth noting that Musk’s political donations have been a topic of controversy in the past. In 2020, he donated $3 million to the Republican Party, which sparked criticism from some Democrats who accused him of trying to influence the election.