The fortunes of the world's ten richest individuals surged by a record $64 billion in a single day following Donald Trump's election win, with Elon Musk leading the gains. The surge in billionaire wealth was largely attributed to a stock market rally on expectations that Trump will advocate for tax cuts and reduced regulation. Crypto industry leaders also saw significant gains, with Coinbase CEO Brian Armstrong's wealth jumping over 30% and Binance founder Changpeng Zhao adding $12.1 billion to his fortune.
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Original article source: https://www.ynetnews.com/business/article/skbtkrqbjl
Source Id: 2024-11-538863367