Trump elected president of the United States, the world's richest billionaires become record richer

UNITED STATES – September 6 brought a lot of good news to Donald Trump, but also to the most fortunate in the world. As the former president was elected again, this time against Kamala Harris, the fortunes of the ten richest men on the planet surged. Taken together, they became richer by more than $64 billion in 24 hours, according to the billionaires index of the economic agency Bloomberg. And the one who benefited the most is obviously Donald Trump's financial backer, Elon Musk, already the richest man on the planet.

According to Bloomberg, this is the “largest daily increase” of wealth since the index was created in 2012. The agency's figures indicate that the boss of Tesla and SpaceX earned $26.5 billion on the day of November 6. His fortune now reaches stratospheric heights, at $290 billion.
The entrepreneurs who follow him in this ranking are not left out: the founder of Amazon, Jeff Bezos, whose newspaper, the Washington Posthad caused controversy by not speaking out in favor of either candidate, saw its capital increase by $7.1 billion one week. Oracle co-founder Larry Ellison, another Trump supporter, saw his fortune increase by $5.5 billion.

The hope of market deregulation

And even billionaires who have supported Democratic causes in the past, like Bill Gates or Warren Buffett, have seen their fortunes increase with Trump's victory, explains CNN.

“There is this enormous perception of a regime favorable to businesses and taxes which is being put in place, especially with their victory (of the Republicans, editor’s note) in the Senate”deciphered to CNN Michael Block, director of operations at AgentSmyth, a company specializing in financial analysis by AI. The larger than expected victory of Donald Trump in the presidential election, and that of the Republicans in the Senate, therefore leaves billionaires and financial markets hoping for greater deregulation of the market, as well as better support for the entrepreneurial world from the Trump administration.

IF the fortunes of these 10 billionaires exploded on Wednesday, it is because the price of American stocks increased. Investors increased their purchase of shares because “the outcome of the (Republican) red wave was what every American capitalist would have wanted”says Neil Wilson, chief analyst at broker Finalto, in a statement relayed by the Guardian. It remains to be seen whether Donald Trump will manage to continue to reassure stock markets around the world throughout the upcoming mandate.

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