In the wake of Donald Trump’s re-election, the world’s wealthiest billionaires saw their fortunes skyrocket, collectively gaining a historic $64 billion in a single day, as reported by Bloomberg’s Billionaire Index.
Elon Musk emerged as the top gainer, adding an impressive $26.5 billion to his wealth, bringing his net worth to a staggering $290 billion. Musk, a vocal Trump supporter, has become the richest individual globally. Jeff Bezos, founder of Amazon, gained $7.1 billion shortly after making headlines for his decision not to endorse Vice President Kamala Harris through The Washington Post.
Among other top gainers were Larry Ellison, Oracle co-founder and long-time Trump ally, who increased his wealth by $5.5 billion. The list of beneficiaries also included Bill Gates, Steve Ballmer, Larry Page, Sergey Brin, and Warren Buffett—some of whom have historically leaned toward Democratic causes.
Bloomberg reported this as the largest single-day wealth surge since its index launched in 2012. Following Trump’s swift electoral victory, financial markets surged on the belief that his administration would prioritize business-friendly policies and deregulation. Investors expect the new government to implement policies beneficial to high-net-worth individuals, particularly those with substantial investments in U.S. markets.
Michael Block, Chief Operating Officer at AgentSmyth, noted, “There is widespread anticipation of a pro-business, tax-friendly environment that is fueling market optimism.”
Trump’s own media venture, Truth Social, also benefited, with shares of Trump Media & Technology Group rising by up to 35% before stabilizing. As the major shareholder, Trump’s stake temporarily jumped to a valuation of $5.3 billion, up from $3.9 billion on Election Day.
This windfall for the world’s wealthiest underscores the close connection between election outcomes and market movements, with billionaires well-positioned to capitalize on favorable economic and regulatory conditions.