Elon Musk, reaping the rewards of the gamble he made on the razor-thin margins of the US elections, is now on track to become one of the new president’s most powerful advisors. After openly endorsing Donald Trump following an assassination attempt, Musk has been dedicating more time and resources to the election campaign. The world’s richest person seems to have already seen significant returns from this investment.

Upon declaring victory in the US presidential race, Donald Trump sent a long shoutout to his biggest donor, saying, “A star is born: Elon.” Trump’s victory signals a new era for Elon Musk, who is currently the richest person globally with a fortune of $260 billion. Musk, who took a gamble on the knife-edge of the US elections, is now progressing towards becoming one of the new president’s most influential political and commercial advisors.

WILL SERVE IN THE NEW GOVERNMENT Musk’s promised role as the head of a new Department of Government Productivity would grant the billionaire comprehensive authority to propose deep cuts.

While claiming that he previously voted for Joe Biden, Hillary Clinton, and Barack Obama, Musk has shifted sharply right in recent years. On issues like immigration, dissatisfaction with mainstream media, and what he terms “woke politics,” he aligned with Trump’s campaign.

TESLA SHARES ROSE BY 12% Just hours after surviving an assassination attempt on July 13, Musk publicly endorsed Trump and devoted increasing time and resources to his re-election.

Musk has already seen significant returns from this investment. Trump’s victory added billions to his fortune, with Tesla’s shares climbing around 12% the morning after the election. According to analysis by the Financial Times, Musk, who tweeted about 200 times within 24 hours on election day, viewed approximately 955 million times as he averaged over 100 shares a day in the month leading up to the vote.

TO PLAY AN ACTIVE ROLE Some experts have warned that Musk has become one of the main suppliers of misinformation and conspiracies about the election in the pre-election period. Even before the election results emerged, Musk made it clear that he would play an active role in US politics in the coming years.