November 6 was not just a good day for Donald Trump. According to the Bloomberg Billionaires Index, the world’s 10 richest people saw their fortunes increase by a record amount on that day. Collectively, the world’s 10 richest people saw their fortunes increase by $64 billion.
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| Billionaire Elon Musk, CEO of Tesla and owner of social network X, is a supporter of the Republican presidential candidate. (Source: Reuters) |
The biggest gainer was billionaire Elon Musk, the world's richest person and a staunch Trump supporter, whose fortune rose from $26.5 billion to $290 billion on November 6.
Meanwhile, Amazon founder Jeff Bezos' fortune increased by $7.1 billion, a week after he defended the Washington Post's decision to decline to endorse Vice President Kamala Harris.
Oracle co-founder Larry Ellison, a Trump supporter, saw his net worth increase by $5.5 billion on November 6.
Others whose fortunes increased include former Microsoft CEOs Bill Gates and Steve Ballmer, former Google CEOs Larry Page and Sergey Brin and Berkshire Hathaway CEO Warren Buffett.
This is the “biggest daily wealth gain” since the Billionaires Index began in 2012, Bloomberg noted.
The market recovered in the session on November 6, when the election ended quickly and with expectations that Mr. Trump would open a new era.
Trump Media & Technology Group, Mr. Trump's social media company, saw its stock price surge after CNN and other media outlets predicted Mr. Trump would win.
The company's stock price rose as much as 35% before gradually falling.
Mr. Trump is the controlling shareholder of Trump Media & Technology Group, a company with meager revenue and is losing money.
In the short term, the 114.75 million shares he owns are worth about $5.3 billion thanks to the price increase, compared with $3.9 billion when trading ended on Election Day, November 5.
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