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.
It seemed really obvious, like, I had this thought before the election was called that I should start grabbing some stonks because the uncertainty dipped everything for a minute.
But I don’t have money for stocks right now, I’m simply not in the position. (Okay I own like one, for my favorite (not starbucks) coffee chain lol)
And then everything jumps massively after his “win”, because all the corpos are probably anticipating massive deregulation.
I probably would’ve been gutted on short term gains fees anyway lol.
That’s how it works though isn’t it? The secret is to already have a bunch of money and stock and general capital…then when it dips, it’s not so bad, and when it surges, you win such a payout!
How ingeniously simple! /s