The assets of the world's 10 richest people increased by a record 64 billion USD

Billionaire Elon Musk speaks at former President Donald Trump's campaign rally in Butler, Pennsylvania. (Photo: Reuters/VNA)

November 6 wasn’t just a good day for Donald Trump. The net worth of the world ’s 10 richest people also hit record highs, according to the Bloomberg Billionaires Index.

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.

Amazon founder Jeff Bezos' fortune has 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.

While none of the billionaires endorsed a candidate this year, they have voiced support for Democratic candidates and causes in the past. Collectively, the world’s 10 richest people saw their fortunes increase by $64 billion.

Bloomberg noted that this was the “biggest daily wealth gain” since the Billionaires Index began in 2012.

The market rallied on Nov. 6, as the election wrapped up quickly and on expectations that Mr. Trump would usher in a new era of deregulation and other pro-business policies and regulations that investors believe could boost the overall stock market.

Trump Media & Technology Group, Mr. Trump’s social media company, also saw its stock price soar 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 a loss. In the short term, his 114.75 million shares are worth about $5.3 billion thanks to the increase in price, compared with $3.9 billion when trading closed on Election Day, November 5.

(Source: vietnamplus)

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