Axelrod, and his facial hair, appear frequently on news shows.
He had said on "Morning Joe" he would shave the moustache he'd worn for 40 years on live TV if Obama lost Pennsylvania, Minnesota or Michigan in the Nov. 6 election. Host Joe Scarborough had agreed to grow a mustache if Obama won either Florida or North Carolina.
Obama won Pennsylvania, Minnesota, Michigan and Florida, but Axelrod said he would still shave his moustache if his charity, Citizens United for Research in Epilepsy, raised $1 million by Nov. 30. His daughter, Lauren, has epilepsy, and his wife, Susan, helped create the group.
Leading up to the big shave, Axelrod inspired some serious donors to get involved, including President Obama and Donald Trump, who gave $100,000.
Axelrod was excited about the charity win.
But he was visibly anxious about losing the hair above his lip.
As he sat in the barber's chair, about to lose be shaven clean, Joe Scarborough, host of "Morning Joe," asked Axelrod how he was feeling.
"Faint," Obama's strategist responded. "I was up all night, to be honest with you."
But Axelrod is already getting compliments on his new look.
Trump called into "Morning Joe" and gave his endorsement of the charity initiative, adding Axelrod's new look was reminiscent of his own father's.
"I think he looks great," Trump said.
Check out the "Morning Joe" video of Axelrod being shaven below.