{"id":152865,"date":"2024-11-19T19:29:53","date_gmt":"2024-11-19T18:29:53","guid":{"rendered":"https:\/\/luxus-plus.com\/?p=152865"},"modified":"2025-01-20T23:44:58","modified_gmt":"2025-01-20T22:44:58","slug":"luxus-magazine-these-billionaires-saw-their-fortunes-rise-with-donald-trumps-re-election","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/luxus-magazine-these-billionaires-saw-their-fortunes-rise-with-donald-trumps-re-election\/","title":{"rendered":"[Luxus Magazine] These billionaires saw their fortunes rise with Donald Trump&#8217;s re-election"},"content":{"rendered":"<h4>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.<\/h4>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p><strong>&#8220;Fight Fight Fight!<\/strong> \u201d chanted Donald Trump to his crowd of supporters as he escaped a sniper&#8217;s bullet last September.<\/p>\n<p>&nbsp;<\/p>\n<p>With his <strong>new Department of Government Efficiency entrusted to two billionaires, Elon Musk and Vivek Ramaswamy<\/strong>, 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: <strong>\u201cdismantling government bureaucracy\u201d<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>And this<strong> Terminator job<\/strong> looks set to be <strong>a lucrative one<\/strong>. <strong>Elon Musk<\/strong>&#8216;s support of the red-tie Republican&#8217;s victorious campaign has <strong>seen his personal fortune grow by $20 billion.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>And<strong> the richest man in the world<\/strong> &#8211; in regular intermittence with Bernard Arnault and Jeff Bezos &#8211; isn&#8217;t<strong> the only one<\/strong> to see his support in a fundamentally pro-business, anti-immigration 47th president <strong>rewarded<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<h2>A Terminator in government&#8230;<\/h2>\n<p>&nbsp;<\/p>\n<p>They&#8217;re both as narcissistic and touchy-feely as each other, yet so far they&#8217;ve found each other well enough to earn a few perks for services rendered. <strong>A fervent supporter of Donald Trump&#8217;s campaign<\/strong>,<strong> Elon Musk contributed $119 million<\/strong> to help elect his champion <strong>via a Super PAC<\/strong>, a political organization responsible for campaigning&#8230; and raising funds for a candidate.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>On November 12<\/strong>, <strong>Elon Musk inherited a ministerial position within the new Trump administration<\/strong>, that of supervisor of the<strong> \u201cDepartment of Government Efficiency\u201d.<\/strong> This new body, which goes by the<strong>acronym DOGE<\/strong>, a nod to Elon Musk&#8217;s favorite cryptocurrency, is tasked with \u201cdismantling government bureaucracy\u201d.<\/p>\n<p>&nbsp;<\/p>\n<p>Officially, the structure is to <strong>work outside government<\/strong> to provide the White House with <strong>&#8220;advice and guidance<\/strong> \u201d and thus avoid any conflict of interest.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/magazine.luxus-plus.com\/en\/these-billionaires-saw-their-fortunes-rise-with-donald-trumps-re-election\/\">Click here to read the entire article <\/a>on Luxus Magazine<\/p>\n<p>Featured Photo: Getty Images<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":507,"featured_media":152861,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Barely re-elected on November 5, Donald Trump was making the fortunes of a host of billionaires, and not just Elon Musk.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[22488],"tags":[24124,24275,24004,23046,23328,24191],"class_list":["post-152865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle-en","tag-donald-trump-en","tag-elon-musk-en","tag-etats-unis-en","tag-finance-en","tag-great-fortunes","tag-luxus-plus-mag-en-2"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/152865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/507"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=152865"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/152865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/152861"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=152865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=152865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=152865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}