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Trump Win Sparks Record $64 Billion Gain for World’s 10 Richest People: Bloomberg Billionaires Index

  • Elon Musk's net worth increased by approximately $20 billion after Donald Trump's election victory, according to the Bloomberg Billionaires Index.
  • Many billionaires with ties to cryptocurrency saw their wealth greatly increase after Trump’s victory, which investors believe signals positive economic policies.
  • Trump's promises of corporate tax cuts and a pro-crypto stance inspired significant confidence among investors in the market.
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The wealth of the ten richest people in the world rose by a record daily after Donald Trump won a second term as president. The net worth of billionaires led by Elon Musk of Tesla Inc., the world's richest person, rose by $63.5 billion on Wednesday, according to Bloomberg's Billionaires Index. Musk alone added $26.5 billion to his “gyrology.” Jeff Bezos of Amazon.com Inc and Larry Ellison of Oracle Corp were also among the top beneficiaries. And…

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Forbes broke the news in United States on Wednesday, November 6, 2024.
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