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.
So Musk’s investment in election interference of what, a million bucks a day? towards bribing people to vote now looks like an utter pittance relative to what he made back in just one day.
Of course these guys know that investing in elections has a good ROI.
Thank goodness, they were having such a rough time of it
$ 214 per person
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
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.
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.
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.
Guy making $8/hr: the economy is better now
Any day now eggs will go back to costing what they did in 1992…
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.
Don’t call me out like that…
what was that? like $4?
Don’t worry. It will trickle down any day now.
Like piss, right?
Right?
Like being on level 250 of the Platform.
I was about to tell you about this movie called El Hoyo that was similar to your comment and then I realized we’re talking about the same thing I just watched it in Spanish. lol
Piss trickling down on us would be an improvement
I guess it’s slightly better than the old “Horse and Sparrow” name which implies “Eat shit and like it”.
That’s where that comes from, yes.
oh right. goodbye, biden’s billionaire tax.
$64bn so far.
Because of course it fucking did.
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.
On the stock markets (worldwide) it felt like someone held back the whole time and then started investing large sums.
I also immediatelty scrapped all my plans about buying US stock. Everything has to be reevaluated 😕
Maybe I’ll have to reconsider my Taiwan investments, too.
Berkshire Hathaway had built up $300B in cash reserves - maybe Warren decided it was time to buy?
Makes sense. You’d want to hold back on buying until the market becomes clearer.
Elon looks like one of the pointing soyjaks in that pic.
Must be nice…
It was a mad jump in the markets and it still holding
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