The world’s 10 wealthiest individuals saw their combined wealth increase by a record $64 billion following Donald Trump’s presidential election victory, according to the Bloomberg Billionaires Index.
Elon Musk, the world’s wealthiest person, led the gains with a $26.5 billion increase, bringing his total fortune to $290 billion. The Tesla chief executive, who has publicly supported Trump’s campaign, benefited from a surge in his company’s share price.
The unprecedented single-day wealth increase, the largest since the index began in 2012, came as US stock markets rallied on expectations of lower taxes and reduced regulation under a Trump presidency.
Jeff Bezos, Amazon’s founder and the world’s second-richest person, added $7 billion to his $228.3 billion fortune, while Oracle chairman Larry Ellison saw his wealth grow by nearly $10 billion to $193.5 billion.
Tech industry leaders, including Bezos, Meta’s Mark Zuckerberg, and Apple’s Tim Cook, publicly congratulated Trump on his victory, despite previous tensions. Trump had earlier threatened legal action against some tech companies, including potential criminal charges against Google and a life imprisonment threat against Zuckerberg over alleged election interference in 2020.
Bernard Arnault, the French luxury goods magnate, was the only member of the top 10 to see a significant decline, with his fortune decreasing by nearly $3 billion.
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