Share surge increases Elon Musk’s fortune by $26bn in a day as Jeff Bezos, Sergey Brin and Bill Gates also benefit

The wealth of the 10 richest people in the world – a list dominated by US tech billionaires – increased by a record amount after Donald Trump’s victory in the presidential election, according to a widely cited index.

The Bloomberg Billionaires Index estimated that the world’s 10 wealthiest people gained nearly $64bn (about £49.5bn) on Wednesday, the largest daily increase since the index began in 2012.

Elon Musk, the world’s richest person, registered the largest increase with a $26.5bn addition to his fortune, which now stands at $290bn. The prominent backer of Trump’s campaign, benefited from a surge in the share price of Tesla, the electric carmaker where he is chief executive and in which he owns a 13% stake.

  • nucleative@lemmy.worldEnglish
    28·
    16 days ago

    So Musk’s investment in election interference of what, a million bucks a day? towards bribing people to vote now looks like an utter pittance relative to what he made back in just one day.

    Of course these guys know that investing in elections has a good ROI.

    • tb_@lemmy.worldEnglish
      7·
      16 days ago

      For added perspective: spending a million as a billionaire is the same as spending $1 when you have $1000 in your bank account.

      It is utterly meaningless.

      • nucleative@lemmy.worldEnglish
        9·
        16 days ago

        Especially if you did it only 45 times or so at $45 invested and got $26,500 back a day after the election