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.

  • MonkeMischief@lemmy.todayEnglish
    2·
    16 days ago

    Maybe we ought to just step aside and let these voters suffer the full consequences of their actions.

    If we could do this without also suffering the full consequences of their actions I’d be all for it.

    But at this point, in a hypothetical dystopian future, those voters would be reduced to scavenging in the slums, every public station owned by the GOP, not a Democrat in sight… and they’d still be able to get away with “blaming the liberals” for everything they directly caused right before everyone’s eyes.

    I’ve been aghast reading all these comments on like, Nextdoor, of people shaking their heads saying “The left is always the party of divisiveness and violence.”

    They’ll believe anything at this point. They literally can’t seem to comprehend the consequences of their votes.