Trump win sparks record US$64 billion gain for world’s ten richest people
The fortunes of the 10 richest people in the world surged by a daily record as Donald Trump won a second term as president. The net worth of billionaires led by Tesla Inc’s Elon Musk, the world’s wealthiest person, surged by $63.5 billion yesterday (6 November), according to the Bloomberg Billionaires Index. Musk alone added … The post Trump win sparks record US$64 billion gain for world’s ten richest people appeared first on Asaase Radio.
The fortunes of the 10 richest people in the world surged by a daily record as Donald Trump won a second term as president.
Musk alone added $26.5 billion to his pot. Amazon.com Inc.’s Jeff Bezos and Oracle Corp.’s Larry Ellison were also among the top gainers. It’s the biggest daily increase since Bloomberg’s wealth index began in 2012, reports Bloomberg.
Much of the gains for the ultra-rich come down to a surge in US stocks, underscoring bets that Trump, on his return to the White House, will implement an agenda favouring lower taxes and less regulation.
The S&P 500 jumped 2.5% in the best post-election performance in history, while the US dollar also gained.
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The post Trump win sparks record US$64 billion gain for world’s ten richest people appeared first on Asaase Radio.
