Islam Times - Report: World’s 10 Richest People Got Record $64bln Richer from Trump’s Reelection

Report: World’s 10 Richest People Got Record $64bln Richer from Trump’s Reelection

Islam Times - The wealth of the world’s 10 richest people soared by a record amount following the victory of Donald Trump in the US presidential election, according to Bloomberg’s Billionaire Index.

The biggest gainer was Elon Musk, the world’s richest person and one of Trump’s most outspoken and dedicated supporters, whose wealth jumped $26.5 billion to $290 billion Wednesday, according to Bloomberg.

Amazon founder Jeff Bezos’ wealth grew $7.1 billion a week after defending his decision to withhold the Washington Post’s endorsement of Vice President Kamala Harris.

Oracle cofounder Larry Ellison, another Trump supporter, saw his net worth rose $5.5 billion Wednesday.

Other gainers include former Microsoft executives Bill Gates and Steve Ballmer, former Google executives Larry Page and Sergey Brin and Berkshire Hathaway CEO Warren Buffett. Although none of those billionaires endorsed a candidate this year, they have spoken in favor of Democratic candidates and causes in the past.

Collectively, the top 10 richest people gained $64 billion.

Bloomberg notes it’s the “biggest daily increase” of wealth it’s seen since the index began in 2012.

Truth Social owner Trump Media & Technology Group, Trump’s social media company, also cashed in with shares skyrocketing in value after media outlets projected Trump won.