{"id":141743,"date":"2024-11-08T17:00:06","date_gmt":"2024-11-08T15:00:06","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141743"},"modified":"2024-11-08T13:21:07","modified_gmt":"2024-11-08T11:21:07","slug":"elon-musk-made-26-billion-after-trumps-victory-how-much-did-binance-founder-make","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/elon-musk-made-26-billion-after-trumps-victory-how-much-did-binance-founder-make\/","title":{"rendered":"Elon Musk Made $26 Billion After Trump&#8217;s Victory \u2013 How Much Did Binance Founder Make?"},"content":{"rendered":"<p>Following <strong><a href=\"https:\/\/cryptodnes.bg\/en\/breaking-donald-trump-is-the-new-president-of-the-united-states\/\">Trump\u2019s win<\/a><\/strong>, markets saw a rapid shift, propelling Musk\u2019s net worth from $264 billion to $290 billion, driven by a 20% increase in Tesla\u2019s stock price. Meanwhile, CZ, who holds a dominant 90% stake in Binance, saw his net worth jump by an estimated $12 billion within 24 hours.<\/p>\n<p>Bloomberg reported that CZ\u2019s wealth rose from $38 billion to $52.7 billion, while Forbes\u2019 alternative valuation placed his worth at $60.6 billion.<\/p>\n<p>CZ\u2019s fortune is largely tied to Binance, the global cryptocurrency exchange he founded, which boasts over 150 million registered users. Despite Binance\u2019s financials being private, it is estimated to generate roughly $9.8 billion annually through spot and derivatives trading. CZ also holds personal stakes in Bitcoin (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>) and Binance Coin (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bnb\/\">BNB<\/a><\/strong>).<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/blackrocks-bitcoin-etf-sees-record-1-12-billion-inflow-as-investor-interest-soars\/\" title=\"BlackRock\u2019s Bitcoin ETF Sees Record $1.12 Billion Inflow as Investor Interest Soars\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/bitcoin-chart-price-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">BlackRock\u2019s Bitcoin ETF Sees Record $1.12 Billion Inflow as Investor Interest Soars<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The sharp increase in CZ\u2019s wealth can be attributed to a rally in cryptocurrency prices after the election results, with Bitcoin seeing a 12% rise within a week and the global crypto market capitalization surging by billions.<\/p>\n<p>As Binance\u2019s valuation is closely linked to the performance of the crypto market, the boost in crypto prices likely contributed significantly to the increase in CZ\u2019s personal wealth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The results of the 2024 U.S. presidential election, with Donald Trump\u2019s victory, have triggered a notable surge in the wealth of some of the world\u2019s wealthiest individuals, including Tesla\u2019s Elon Musk and Binance founder Changpeng Zhao (CZ).<\/p>\n","protected":false},"author":7,"featured_media":30646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[72],"class_list":["post-141743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk Made $26 Billion After Trump&#039;s Victory \u2013 How Much Did Binance Founder Make?<\/title>\n<meta name=\"description\" content=\"The results of the 2024 U.S. presidential election, with Donald Trump\u2019s victory, have triggered a notable surge in the wealth of some...\" 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