The stock market and Bitcoin weren’t the only beneficiaries of Donald Trump’s 2024 election win, the victory drove a $64 billion surge in the net worth of the world’s wealthiest. Indeed, the 10 richest people in the world saw their collective value increase by the figure after Trump’s return to the Oval Office.
The returning president beat out currency Vice President Kamala Harris in a dominant showing for the Republican party. Moreover, he is now the 15th president in history to serve a second term, as the oldest individual to be elected as commander-in-chief is already paying dividends for the economic elite.
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World’s 10 Richest People See Net Worth Surge $64B After Trump Win
The 2024 presidential election was always one of the most important for the United States. Amid a fragile but recovering economy, it required a clear direction as it continues to reel from the 2020 pandemic. With the historic election seeing Donald Trump return to the White House, the development has driven significant wealth into the stock market and some of the world’s richest.
According to the Bloomberg Billionaire Index, Donald Trump’s election win has driven $64 billion into the collective net worth of the top 10 richest people in the world. Among them, perhaps no one benefitted as much as Tesla CEO Elon Musk.
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Musk had emerged as a key player throughout Trump’s ongoing presidential campaign. Earlier this year, Trump announced that the SpaceX head would lead a government spending division. Indeed, he would be tasked with ensuring that the government addressed its growing debt issues and spending concerns.
Ultimately, Musk’s net worth increased by $26.5 billion to reach $290 billion after the election results. Amazon founder Jeff Bezos saw his wealth increase by $7.1 billion despite endorsing the Harris campaign. Moreover, Oracle cofounder Larry Ellison, who endorsed Trump’s return, saw his net worth grow $5.5 billion Wednesday.