Elon Musk has grown about $105 billion richer this year, boosting his net worth to a near-record $335 billion at Monday's market close.

Tesla’s 39% surge since Donald Trump’s election victory last week has lifted Elon Musk’s net worth by about $70 billion.

Elon Musk’s net worth has hit a major milestone, surpassing $300 billion for the first time in nearly three years, Bloomberg reports. The jump follows growing optimism that President-elect Donald Trump's administration would provide a favorable environment for Musk's businesses.