The ten richest people worldwide saw their fortunes surge as Donald Trump won a second presidential term, with a record $63.5 billion added to their combined net worth on Wednesday. Tesla's Elon Musk led the list, gaining over $26 billion. Tesla shares jumped 15% Wednesday, pushing their yearly gains to 32%. Amazon’s Jeff Bezos, Coinbase's Brian Armstrong, and Oracle’s Larry Ellison also saw major increases. The gains follow a 2.5% spike in the S&P 500, as markets anticipate Trump’s return will favor lower taxes and lighter regulation.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02And 10 richest people worldwide saw their fortunes surge as Donald Trump won a second
00:06presidential term, with a record $63.5 billion added to their combined net worth on Wednesday.
00:13Tesla's Elon Musk led the list, gaining over $26 billion. Tesla's shares jumped 50% Wednesday,
00:19pushing their yearly gains to 32%. Amazon's Jeff Bezos, Coinbase's Brian Armstrong,
00:25and Oracle's Larry Ellison also saw major increases.
00:29The gains followed a 2.5% spike in the S&P 500. As markets anticipate,
00:34Trump's return will favor lower taxes and lighter regulation.