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.

  • VarykEnglish
    32·
    4 hours ago

    oh right. goodbye, biden’s billionaire tax.

  • Asafum@feddit.nlEnglish
    36·
    5 hours ago

    Good, these poor poor billionaires need more. I mean it’s a goddamn travesty they aren’t trillionares!

    Geez people how fucking greedy do you need to be to accept a paycheck from these people when working for them? Can’t you just be charitable for once and help them become decillionares?

    I swear we’re so greedy.

    • SkyNTP@lemmy.mlEnglish
      17·
      4 hours ago

      This is what the American people voted for. They voted to give their money away to people who don’t need it.

      We’ve been warning people of this for more than 8 years now, trying to soften the blow. At some point we gotta realize that protecting these people might not actually be helping, it might just be enabling the grift by providing convenient cover.

      Maybe we ought to just step aside and let these voters suffer the full consequences of their actions. Democrats need to learn that unlike them, many people only learn about consequences by experiencing them.

      Sure, many others who voted against will suffer the consequences too. What are we going to do about it? This is how democracy is designed to work.

      • HubertManne@moist.catsweat.com
        4·
        3 hours ago

        Yup. We all vote on the meal we will eat and lots of folk don’t like the week old pumpernickel so won’t vote for it and for some reason lots of folks like to vote for the dogshit with ground glass mixed into it because they think its funny to watch other people eat it.

        • Asafum@feddit.nlEnglish
          2·
          3 hours ago

          for some reason lots of folks like to vote for the dogshit with ground glass mixed into it because they think its funny to watch other people eat it.

          The majority of the political videos showing up on my YouTube feed after the election was just right wingers laughing at “the left.”

          Their whole identity is hating others.

  • Sanctus@lemmy.worldEnglish
    8·
    5 hours ago

    We’re just being kicked while we’re already down. The idiots who voted for him don’t realize they’re in the ground with us.

  • lurch (he/him)English
    7·
    5 hours ago

    On the stock markets (worldwide) it felt like someone held back the whole time and then started investing large sums.

    I also immediatelty scrapped all my plans about buying US stock. Everything has to be reevaluated 😕

    Maybe I’ll have to reconsider my Taiwan investments, too.

    • assaultpotatoEnglish
      3·
      5 hours ago

      Berkshire Hathaway had built up $300B in cash reserves - maybe Warren decided it was time to buy?