Yesterday's stock market bounce after the election of Donald Trump has added billions to the pockets of the tech elite, although apparently Mark Zucke

Top 10 billionaires make nearly $64B in post-Trump election stock surge

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2024-11-07 21:30:15

Yesterday's stock market bounce after the election of Donald Trump has added billions to the pockets of the tech elite, although apparently Mark Zuckerberg failed to cash in.

According to the Bloomberg Billionaires Index, the top 10 wealthiest people on the planet saw a total increase of nearly $64 billion in their combined net worth yesterday, with Elon Musk the biggest winner, adding $26.5 billion to his personal fortune of $290 billion.

Larry Ellison made nearly $10 billion over the day, and Oracle itself is likely to benefit from the new administration in terms of contracts.

Only two of the top 10 billionaires lost money during the boom. Bernard Arnault, chairman and CEO of luxury goods empire LVMH, saw his net worth fall $2.85 billion, after already being down $34.3 billion over the past year. As the only non-techie in the top 10 list, he has only $173 billion in net worth to fall back on.

But the surprising other loser was the third-richest man on the top 10 list (and they're all men - Alice Walton is currently the highest-ranked woman on the list, at 16th) is Metaverse enthusiast Mark Zuckerberg.

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