The esteemed Adam Kinzinger, a former Republican Congressman and currently a CNN Senior Political Commentator, insists Donald Trump and Elon Musk have gotten much wealthier since the 2024. U.S. Presidential Election.
Although Elon Musk’s net worth has not doubled since the election, it has increased quite a bit. As of February 20, 2025, Musk’s net worth is estimated at $397.1 billion, up more than 50% since the election. His wealth peaked at $486.4 billion on December 17, 2024, the highest net worth ever recorded. The increase is mostly attributed to Tesla’s stock surge and SpaceX’s valuation growth.
Regarding Trump’s meme coin, while it has seen significant growth, we can’t confirm Trump personally has made $100 million from it. The $TRUMP meme coin was launched on January 17, 2025, and its value skyrocketed from about $7 to an all-time high of $74.27 within two days. The coin’s market capitalization exceeded $14.5 billion shortly after launch but the price has been highly volatile, dropping to $16 by February 9, 2025.
Trump has sold a lot of products since becoming a presidential candidate nearly 10 years ago. He’s already a billionaire so why isn’t his focus 100 percent on solving today’s top issues? If most of us were billionaire presidents, the LAST thing on our minds would be using our position for a money grab.
Most of us would be too busy serving our country.