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.
Guy making $8/hr: the economy is better now
I agree with this take. It’s like people have the grocery prices from when they first started living on their own seared into their brains.
Dems for decades failed to properly address social inequality, while proudly parading their politically correct talk about “communities”, “affirmative action” etc. This is a feel-good talk for their white middle-class demographics, while actual people in actual “communities” felt like animals in a zoo with a bunch of aliens around them figuring out what’s the best name to call them. At the same time no meaningful change ever happened.
Trump won Latino votes in Miami. Just think about how much distrust the other side must have built.
Stop blaming the voters. Look into the mirror and ask yourself how could this have happened.
What’s really funny about Trump winning Latino votes in Florida is that when surveyed, they went Trump for “the economy”. So… my comment stands.
But yes as a Canadian, the results of the US election and the performance of the Democratic party are things I’ll personally need to “look in the mirror” about.
Alternatively, I can appreciate how dumb American voters are, as 70 million of them vote to actively make their lives much worse. <3
Don’t worry. It will trickle down any day now.
Thats the problem with Anarchy is they have resources and you don’t so in open warfare they win every time.
You could try to form a large organization pooling resources for a specialized fighting force but…
Oh look, half of the USA just voted alongside the Billionaires. Looks like we’re outnumbered.
Meh it only takes one person pulling a trigger to end a billionaire’s life. Not that I am advocating that, but there is no real way to protect themselves from the masses unless they go hide in a bunker.
We’re at 5 and counting potential Donald Trump assassins thwarted so far. Thats at least 500% over estimate, yikes.
Elon Musk probably isn’t that much easier of a target, I’m sure he pays good money to be guarded, but maybe.
600,000 people diagnosed with terminal cancer each year in the US. 800 billionaires. Just saying, they will likely die before they even get sentenced. And it’s entirely likely the billionaires own or supported companies that caused that cancer in the first place, or supported medical systems that didn’t allow people to properly be screened or treated for cancer.
It’s like if Walter White wanted to help others
Total net worth of top 10 richest is ~$1.6 trillion: https://ceoworld.biz/2024/03/15/richest-people-in-the-united-states-2024/
That makes a net worth increase of $64 billion an increase of ~4%…which is the same amount the S&P 500 is up over the past few days.
“Stock market surges following Trump’s victory and billionares’ stocks go up the same amount as everyone else’s” just doesn’t make as good a headline, huh?
This is a big pile of nothing, nice job taking the clickbait and spreading it. The outrage farmers thank you.
The cool thing is, my statement still works no matter how much or how little their net worth increases. Billionaires should not exist. The world would be better without them.
Billionaires should not exist.
You’re going to have to come to grips with the fact that there is always going to be someone with the most wealth. And in an economy that is constantly creating new wealth, the peak will also be constantly growing.
This is an incredibly naive and ignorant sentiment.
Good, these poor poor billionaires need more. I mean it’s a goddamn travesty they aren’t trillionares!
Geez people how fucking greedy do you need to be to accept a paycheck from these people when working for them? Can’t you just be charitable for once and help them become decillionares?
I swear we’re so greedy.
This is what the American people voted for. They voted to give their money away to people who don’t need it.
We’ve been warning people of this for more than 8 years now, trying to soften the blow. At some point we gotta realize that protecting these people might not actually be helping, it might just be enabling the grift by providing convenient cover.
Maybe we ought to just step aside and let these voters suffer the full consequences of their actions. Democrats need to learn that unlike them, many people only learn about consequences by experiencing them.
Sure, many others who voted against will suffer the consequences too. What are we going to do about it? This is how democracy is designed to work.
Yup. We all vote on the meal we will eat and lots of folk don’t like the week old pumpernickel so won’t vote for it and for some reason lots of folks like to vote for the dogshit with ground glass mixed into it because they think its funny to watch other people eat it.
for some reason lots of folks like to vote for the dogshit with ground glass mixed into it because they think its funny to watch other people eat it.
The majority of the political videos showing up on my YouTube feed after the election was just right wingers laughing at “the left.”
Their whole identity is hating others.
Maybe we ought to just step aside and let these voters suffer the full consequences of their actions.
If we could do this without also suffering the full consequences of their actions I’d be all for it.
But at this point, in a hypothetical dystopian future, those voters would be reduced to scavenging in the slums, every public station owned by the GOP, not a Democrat in sight… and they’d still be able to get away with “blaming the liberals” for everything they directly caused right before everyone’s eyes.
I’ve been aghast reading all these comments on like, Nextdoor, of people shaking their heads saying “The left is always the party of divisiveness and violence.”
They’ll believe anything at this point. They literally can’t seem to comprehend the consequences of their votes.
Maybe we ought to just step aside and let these voters suffer the full consequences of their actions.
If we could do this without also suffering the full consequences of their actions I’d be all for it.
But at this point, in a hypothetical dystopian future, those voters would be reduced to scavenging in the slums, every public station owned by the GOP, not a Democrat in sight… and they’d still be able to get away with “blaming the liberals” for everything they directly caused right before everyone’s eyes.
I’ve been aghast reading all these comments on like, Nextdoor, of people shaking their heads saying “The left is always the party of divisiveness and violence.”
They’ll believe anything at this point. They literally can’t seem to comprehend the consequences of their votes.
oh right. goodbye, biden’s billionaire tax.
