A Boring Dystopia

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Trump’s victory adds record $64bn to wealth of richest top 10 (www.theguardian.com)

submitted 1 day ago by [email protected] to c/[email protected]

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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.

The gains came as tech business leaders, including Amazon’s Jeff Bezos, Mark Zuckerberg, chief executive of Facebook parent Meta, and Apple’s Tim Cook publicly congratulated Trump on his election win...

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[–] [email protected] 9 points 22 hours ago* (last edited 22 hours ago)

Any election in the USA is an election of billionaires, thanks to the system. It was just more grotesquely obvious this time because Elon is like a spoiled ten year old with no limits.