Economy Trump victory adds record $64 billion to wealth of world's richest top 10

[Sweater of AV]

Trump's win created a record $64 billion of net worth for the world's 10 richest people

A euphoric surge in the stock market on Wednesday sent the net worths of the world's richest people skyrocketing.

markets.businessinsider.com

Donald Trump's presidential victory sparked a record single-day jump in the wealth of the world's 10 richest people, Bloomberg data shows.

The final net-worth-addition tally came out to $64 billion as markets celebrated another Trump administration. Investors are piling into stocks as Trump is expected to ease financial regulations, cut corporate taxes, and focus on strengthening the domestic economy.

All three major US indexes surged more than 2.5%, with the Dow Jones industrial average adding more than 1,500 points. Stocks also climbed on Thursday to a lesser degree.

According to the Bloomberg Billionaires Index, the top gainers on a percentage basis included Tesla's Elon Musk, Oracle's Larry Ellison, and Warren Buffett. Musk — who became personally involved in Trump's campaign — raked in $26.5 billion on Wednesday alone.

 

[Flower2dPeople]

You somehow able to tai chi this into something bad. Kudos.

 

[ColemanwastheGOAT]

It added value to everyone's portfolios, not just the ultra wealthy.

 

[Rob Battisti]

It added value to everyone's portfolios, not just the ultra wealthy.

Yeah I’m at an all time high.

 

[Sweater of AV]

You somehow able to tai chi this into something bad. Kudos.

And what would that be, tiny one?

 

[UberHere]

It added value to everyone's portfolios, not just the ultra wealthy.

Same shit happened in 2016. Trump is still good for business.

 

[Flower2dPeople]

Melt down thread extension.

 

[ShadowRun]

This is bad!! Orange man still bad!!

 

[40's]

Trump has made my portfolio great again

 

[JaviBrewski]

Trump has made my portfolio great again

my 457/401k and taxable have been rocking the last few days!

 

[rocketskates]

I don’t claim to be a genius, but isn’t that because they have the most invested? Everyone else’s went up too. I don’t see what’s so bad about it.

 

[Sweater of AV]

The best part is people assuming this necessarily has to be negative....



Try thinking, ladies. It'll help you greatly.

 

[rocketskates]

The best part is people assuming this necessarily has to be negative....



Try thinking, ladies. It'll help you greatly.

Maybe I misunderstood, and if I did I apologize. But the way that the thread is titled is like you are pointing out that Trump is helping “the rich get richer”, while not acknowledging that in fact everyone’s investments have improved over the last few days.

 

[ColemanwastheGOAT]

The best part is people assuming this necessarily has to be negative....



Try thinking, ladies. It'll help you greatly.

Well we know you don't have any investments so we assumed you were whining about it.

 

[Starman]

I don’t claim to be a genius, but isn’t that because they have the most invested? Everyone else’s went up too. I don’t see what’s so bad about it.

It's only bad if you're a braindead communist scumbag who hates Capitalism and wealth because you're too ugly, pathetic, dumb, and lazy to get a job and pay your own way through life.

 

[Sweater of AV]

Well we know you don't have any investments so we assumed you were whining about it.

Uh huh. No doubt your investments are keeping you well stocked in your bunker in Northern Canada.

 

[Sweater of AV]

Maybe I misunderstood, and if I did I apologize. But the way that the thread is titled is like you are pointing out that Trump is helping “the rich get richer”, while not acknowledging that in fact everyone’s investments have improved over the last few days.

The thread is explicitly titled as a fact. Which part of it is confusing or misleading?

Now, if you were to pick at something, it would be the picture of Elon jumping like an idiot, which I chose because I think it's hilarious.

I left the thread open ended to see what people's reactions and discussion would be. There are actual discussion points besides "my portfolio is great" vs "fuck the rich" but the general reaction is not surprising.

 

[Source]

The best part is people assuming this necessarily has to be negative....



Try thinking, ladies. It'll help you greatly.

It’s their persecution complex in full view.

 

[Bornstarch]

It made my 401k increase to an all time high. Why did you only mention the ultra wealthy and not the working class Americans with pensions?

 

[nostradumbass]

I've made $10k in the last 48 hours on crypto alone, not even counting stocks.