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.

    • where_am_i@sh.itjust.worksEnglish
      135·
      1 month ago

      Dems for decades failed to properly address social inequality, while proudly parading their politically correct talk about “communities”, “affirmative action” etc. This is a feel-good talk for their white middle-class demographics, while actual people in actual “communities” felt like animals in a zoo with a bunch of aliens around them figuring out what’s the best name to call them. At the same time no meaningful change ever happened.

      Trump won Latino votes in Miami. Just think about how much distrust the other side must have built.

      Stop blaming the voters. Look into the mirror and ask yourself how could this have happened.

      • assaultpotato@sh.itjust.worksEnglish
        7·
        1 month ago

        What’s really funny about Trump winning Latino votes in Florida is that when surveyed, they went Trump for “the economy”. So… my comment stands.

        But yes as a Canadian, the results of the US election and the performance of the Democratic party are things I’ll personally need to “look in the mirror” about.

        Alternatively, I can appreciate how dumb American voters are, as 70 million of them vote to actively make their lives much worse. <3

        • where_am_i@sh.itjust.worksEnglish
          21·
          1 month ago

          Just wait for the next elections to hit your country with a right-wing populism like a truck.

          It’s the same shit all over the developed world. Looking down on people who are upset with the current system and the democracy itself.