A Boring Dystopia

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Trump’s victory adds record $64bn to wealth of richest top 10 (www.theguardian.com)

submitted 1 week ago by gytrash@feddit.uk to c/aboringdystopia@lemmy.world

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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.

The gains came as tech business leaders, including Amazon’s Jeff Bezos, Mark Zuckerberg, chief executive of Facebook parent Meta, and Apple’s Tim Cook publicly congratulated Trump on his election win...

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[–] errer@lemmy.world 16 points 1 week ago (1 children)

Musk already made back all the money he invested in Trump and then some. Hitched his low poly wagon to the idiot at just the right time…

[–] JudahBenHur@lemm.ee 8 points 1 week ago (1 children)

I cannot imagine a future where trump doesnt turn on musk. i just cant see it

[–] errer@lemmy.world 8 points 1 week ago (1 children)

Oh I agree, but Musk has fuck you money and when that happens he’ll still be filthy rich.

[–] RidgeDweller@sh.itjust.works 3 points 1 week ago

Maybe he'll fuck off down his next k-hole permanently.