The wealth of the 10 richest people in the world – a list dominated by US tech billionaires – increased by a record amount after Donald Trump’s victory in the presidential election, according to a widely cited index.

The Bloomberg Billionaires Index estimated that the world’s 10 wealthiest people gained nearly $64bn (about £49.5bn) on Wednesday, the largest daily increase since the index began in 2012.

Elon Musk, the world’s richest person, registered the largest increase with a $26.5bn addition to his fortune, which now stands at $290bn. The prominent backer of Trump’s campaign, benefited from a surge in the share price of Tesla, the electric carmaker where he is chief executive and in which he owns a 13% stake.

66 points

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-1 points
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Total net worth of top 10 richest is ~$1.6 trillion: https://ceoworld.biz/2024/03/15/richest-people-in-the-united-states-2024/

That makes a net worth increase of $64 billion an increase of ~4%…which is the same amount the S&P 500 is up over the past few days.

“Stock market surges following Trump’s victory and billionares’ stocks go up the same amount as everyone else’s” just doesn’t make as good a headline, huh?

This is a big pile of nothing, nice job taking the clickbait and spreading it. The outrage farmers thank you.

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2 points

The cool thing is, my statement still works no matter how much or how little their net worth increases. Billionaires should not exist. The world would be better without them.

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7 points
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600,000 people diagnosed with terminal cancer each year in the US. 800 billionaires. Just saying, they will likely die before they even get sentenced. And it’s entirely likely the billionaires own or supported companies that caused that cancer in the first place, or supported medical systems that didn’t allow people to properly be screened or treated for cancer.

It’s like if Walter White wanted to help others

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9 points

Thats the problem with Anarchy is they have resources and you don’t so in open warfare they win every time.

You could try to form a large organization pooling resources for a specialized fighting force but…

Oh look, half of the USA just voted alongside the Billionaires. Looks like we’re outnumbered.

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0 points
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10 points

We’re just being kicked while we’re already down. The idiots who voted for him don’t realize they’re in the ground with us.

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144 points

Guy making $8/hr: the economy is better now

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35 points

Any day now eggs will go back to costing what they did in 1992…

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4 points

what was that? like $4?

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15 points

I agree with this take. It’s like people have the grocery prices from when they first started living on their own seared into their brains.

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1 point

Don’t call me out like that…

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5 points

Elon looks like one of the pointing soyjaks in that pic.

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