Categories: News

Trump's Victory Increases the Wealth of the Top 10 Richest People: Musk Tops the List

Photo: gettyimages.com

Republican Donald Trump's victory in the US presidential election led to a sharp jump in the stock market, as a result of which the richest people on the planet became richer by a record $63.5 billion in one day.

The corresponding result was published by the Bloomberg agency.

The owner of SpaceX, Elon Musk, who closely communicates with the winner of the presidential race, came in first place in the agency's Billionaires Index rating.

A day after Trump's victory, Musk's fortune grew by $26.5 billion, and now amounts to $290.3 billion.

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The next step in the ranking of the top 10 billionaires after the announcement of the winner was taken by the founder of the Oracle database management companyLarry Ellison.

His fortune increased by $10 billion and now exceeds $193 billion.

The head of the investment fund Berkshire HathawayWarren Buffett took third place, increasing his fortune by $7.58 billion (to $147.8 billion), and fourth place – Amazon founder Jeff Bezos, whose fortune increased by $7.15 billion and now amounts to $228.3 billion.

This situation on the stock market is explained by investors' high expectations of Trump's policies.

In particular, he promised to reduce taxes, ease regulations and take other measures aimed at supporting business.

Prepared by: Sergey Daga

Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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