World News@lemmy.worldEnglish · 5 days ago

Trump’s victory adds record $64bn to wealth of richest top 10

www.theguardian.com

508

Trump’s victory adds record $64bn to wealth of richest top 10

www.theguardian.com

HellsBelle@sh.itjust.works to

World News@lemmy.worldEnglish · 5 days ago

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.

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

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