The wealth of the world’s ten richest people shot up by $64billion in one day following Donald Trump’s victory in the presidential election, according to a major wealth index
The rise – equivalent to £49.5bn – marks the largest combined increase in the history of The Bloomberg Billionaires Index, which began in 2012 and is dominated by US tech billionaires.
Elon Musk, the richest person in the world, saw the biggest increase to his wealth, with $26.5bn added to his fortune which now stands at $290bn.
The prominent Trump ally, who has campaigned alongside the Republican in recent weeks, benefitted from a rise in the share price of Tesla, the electric car manufacturer of which he is CEO and owns a 13 per cent stake.
Gains for the wealthiest came in large part due to the surge in US stocks on Wednesday as investors anticipate the new administration having low-tax and limited regulations in the fiscal policy.
Trump received congratulations from tech tycoons including Amazon’s Jeff Bezos, Facebook founder and Meta boss Mark Zuckerberg and Apple chief Tim Cook yesterday.
Bezos, the world’s second richest person, added $7bn to his fortune, bringing it up to $228bn.
Meanwhile the third wealthiest person, Zuckerberg, took a hit of $81bn yesterday, though his wealth remains at a staggering $202bn.
Top 10 richest people and what happened to their wealth on Nov 6
Elon Musk: +$26.5bn ($290bn)
Jeff Bezos: +$7.1bn ($228bn)
Mark Zuckerberg: -$80.9m ($202bn)
Larry Ellison: +9.88bn ($193bn)
Bernault Arnault: -$2.58bn ($173bn)
Bill Gates: +$1.82bn ($159bn)
Larry Page: +$5.53bn ($158bn)
Sergey Brin: +$5.17bn ($149bn)
Warren Buffett: +$7.58bn ($148bn)
Steve Ballmer: +$2.81bn ($146bn)
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