Elon Musk has already seen his net worth jump after President-elect Trump's win this week, and the incoming administration could utilize the tech billionaire's companies.

Trump also singled-out Mr Musk in his victory speech, spending several minutes praising his rocket firm, Space X. Mr Musk's association with the president-elect also boosted the share price of his electric car maker Tesla - and, with it, his net worth, which now stands at an estimated $290bn.

Elon Musk is toasting Donald Trump’s triumph over Kamala Harris in characteristic style - by tweeting memes and emojis. The owner of X (formerly Twitter) has arguably been Trump’s highest-profile and most influential backer in the final months of the campaign,