Sources told The New York Times that the president doesn't intend to cut ties with Musk after the billionaire leaves the government.

Trump's third bid for the White House resulted not just in him reclaiming his seat in the Oval Office but also in increasing his net worth by nearly double within the past year. The Republican leader's $5.1 billion net worth as of March 31, according to Forbes, bolstered his financials through stock shares, real estate equity and cryptocurrency.