The growth was recorded last Wednesday (Nov 6); appreciation of the president-elect’s actions and promises are reasons for the increase
The Billionaires of Bloomberg recorded last Wednesday (6.Nov.2024) an increase of US$63.5 billion in the wealth of the 10 richest men in the world.
Businessman Elon Musk, owner of X, drove the rise, with a valuation of US$ 26.5 billion in his assets. Other considerable gains came from Jeff Bezos, founder of Amazon, US$7.14 billion, and Larry Ellison, from Oracle, with a US$9.88 billion increase in fortune.
The growth was recorded 1 day after the US elections. The appreciation of company shares, the main reason for the increase, was motivated by the Republican’s efforts to reduce corporate taxation.
The daily increase recorded on Wednesday (6.nov) is the largest since the Bloomberg was created in 2012.
The cryptocurrency sector also boomed with Trump’s victory. Changpeng Zhao, founder of the Binance brokerage, had US$12.1 billion in growth, while Brian Armstrong, CEO of Coinbase Global, reached US$11 billion in wealth.
A possible victory for Kamala would be negative for businesspeople, as the Democrat would increase taxes for corporations from 21% to 28%. In addition to creating regulations and laws for the cryptocurrency sector.
The greatest growth in wealth was recorded with businesspeople with some level of involvement in the US election campaign.
Musk was one of the Republican’s main supporters. He participated in rallies and donated to the candidate, in addition to being an active voice for Trump on social media. Tesla shares rose 14.75% following the election results.
Jeff Bezos, dono do Washington Postfrom the newspaper to candidate Kamala Harris (Democrat). The founder of Amazon said that the support for candidates by the media of the population with the press vehicles.
