Barely re-elected to the White House on November 5, Donald Trump is making Elon Musk very happy, as much for his long-promised new government role as for his portfolio. However, the controversial founder of Tesla and SpaceX and owner of social network X (formerly Twitter) is far from the only one to benefit from the wind of pro-business optimism that seems to be blowing in the USA.
“Fight Fight Fight! ” chanted Donald Trump to his crowd of supporters as he escaped a sniper’s bullet last September.
With his new Department of Government Efficiency entrusted to two billionaires, Elon Musk and Vivek Ramaswamy, the fight is likely to be of a different nature, akin to the MMA bout that should have pitted the boss of Tesla against the boss of Meta: “dismantling government bureaucracy”.
And this Terminator job looks set to be a lucrative one. Elon Musk‘s support of the red-tie Republican’s victorious campaign has seen his personal fortune grow by $20 billion.
And the richest man in the world – in regular intermittence with Bernard Arnault and Jeff Bezos – isn’t the only one to see his support in a fundamentally pro-business, anti-immigration 47th president rewarded.
A Terminator in government…
They’re both as narcissistic and touchy-feely as each other, yet so far they’ve found each other well enough to earn a few perks for services rendered. A fervent supporter of Donald Trump’s campaign, Elon Musk contributed $119 million to help elect his champion via a Super PAC, a political organization responsible for campaigning… and raising funds for a candidate.
On November 12, Elon Musk inherited a ministerial position within the new Trump administration, that of supervisor of the “Department of Government Efficiency”. This new body, which goes by theacronym DOGE, a nod to Elon Musk’s favorite cryptocurrency, is tasked with “dismantling government bureaucracy”.
Officially, the structure is to work outside government to provide the White House with “advice and guidance ” and thus avoid any conflict of interest.
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