Donald Trump's election win is already having ripple effects for some of the world's richest men ... with Elon Musk and Jeff Bezos seeing major increases to their respective net worth.
Category
✨
PeopleTranscript
00:00Well, the biggest numbers to come out of the election
00:02have nothing to do with votes.
00:04Nothing to do with votes.
00:05Although, some people on the left
00:08might say that these numbers have a lot to do
00:10with the election numbers.
00:12Because Elon Musk gambled big time.
00:15He put all his chips in on Donald Trump.
00:17If this were Vegas, it would be the biggest bet
00:19in the history of betting.
00:21And he put all his chips in on Donald Trump,
00:22and it paid off in a huge way yesterday.
00:27The day after the election.
00:28He is, as of the day after the election, $26.5 billion
00:36richer.
00:37Billion dollars richer.
00:39I still remember when it used to be,
00:41when you would hear that someone had $26 billion.
00:44That was one of the wealthiest people in the world,
00:46had $26 billion.
00:48I remember when there was no such thing as a billionaire.
00:51Right.
00:51And now, he is approaching $300 billion.
00:56He's got $290 billion.
00:58And he wasn't the only winner.
00:59Yesterday, and we should say that, look,
01:01yesterday, every billionaire, most of them,
01:04made a lot of money.
01:05Because the stock market went way up.
01:08And Jeff Bezos, who was not out stumping for Donald Trump,
01:13but still managed to increase his wealth by $7 billion.
01:18And I think, just in terms of Bezos' play,
01:21his play was neutral.
01:23That's what he did.
01:23And he got a lot of criticism with the Washington Post,
01:26because they didn't endorse a candidate.
01:28And he kind of made that decision at the last minute.
01:31But he benefited.
01:33A lot of these billionaires are benefiting in a big way.
01:36But Elon, especially.
01:38It's not just money.
01:39It's power.
01:40He's got enough money.
01:42Elon Musk, from everything we're hearing,
01:45is going to wield an enormous amount of power.
01:48He will be in President Trump's ear,
01:51have his ear at all times.
01:53And I guess that's, to the victor go the spoils, right?
01:56He put all the money in on the campaign,
01:59created this PAC for him, this super PAC.
02:02And so that's what happens when your guy wins the election.
02:06And one of the things they're talking about with Elon
02:09is giving him the power to start looking
02:13at all the regulations in federal government
02:17and try to deregulate a lot of things.
02:20And that aligns with his bias.
02:23That's a major problem.
02:25Because he has companies that have government contracts.
02:27I know, I know.
02:29If that's what they end up doing, that's a big problem.
02:32From everything we're hearing, that's where he's going to be.
02:37I mean, it just seems like this is a recipe for disaster.
02:40And Jeff Bezos, Mark Zuckerberg, all these guys
02:44are hedging their bets and were scared
02:45to say anything about Donald Trump
02:47because they know how vengeful he is.
02:50And they know if they were to speak out against him
02:52during the election that he would come after them
02:55if he became president.
02:57So that's why that they didn't want to speak out about him.
03:00And now they're just kind of kissing his feet
03:03and just hoping that their companies
03:05reign the benefits of it.
03:06See, you know, it's funny you say that.
03:09I don't know for Elon Musk whether it's so much
03:13about his company as it is power.
03:17Because look, Elon Musk has rolled the dice a million times.
03:20He almost went bankrupt before with Tesla.
03:24So he has rolled the dice on money.
03:26He's got $290 billion right now.
03:30I think power is more important.
03:33Don't you?
03:34Because he's, yeah, the money's going to be there now.
03:36That's not an issue for him.
03:37Money's there.
03:38Right, and the money will come and go.
03:40It'll fluctuate at numbers that the rest of us would,
03:43that boggles our mind.
03:44Right, like yesterday.
03:44But power is the thing that he now,
03:47he is seated at the power.
03:49By the way, I just, it would not be crazy,
03:53it would not be crazy if Cybertrucks
03:56became the presidential motor car.
03:58Absolutely, absolutely.
04:00I just saw it in my mind.
04:01Oh, no, no, no, I've been thinking about this.
04:02There are going to be flags on these Cybertrucks.
04:04The Cybertruck sales are lagging.
04:06They're not anywhere near what Tesla would like it to be.
04:10And what more high profile positioning for it?
04:14I could see Donald Trump saying yes to that
04:17in about one second.
04:19I'm really serious.
04:20He doesn't have to worry about Detroit anymore
04:22because he's not going to run for reelection.
04:23Yeah, he doesn't have to, but the party does, right?
04:25And that would really.
04:26But he's going to say it's still American made.
04:29Yeah, but right now it's Cadillac.
04:31And it has been for a long time.
04:33I know.
04:34You betting against that?
04:35No, I wouldn't be shocked, like I said.
04:37But I feel bad for Detroit.
04:40I'm Justice from Arizona.
04:42I've really been trying to be optimistic about the future,
04:44but this is not looking good for the working class.
04:48A billionaire, a trillionaire does not need to be involved
04:52in our government.
04:53He's disconnected from what we have to go through.
04:55And the rich getting richer is never a good thing.
04:58So I'm trying to keep my head up, but I'm scared.
05:01Let me ask you a question about that.
05:03Bill Gates is much more liberal certainly than Elon Musk
05:09and has done a lot for climate change and everything else.
05:12So is it money that really makes a difference?
05:14Because if Kamala Harris won and she put Bill Gates
05:18in charge of something involving the environment,
05:22would that bother you because he's a billionaire,
05:24a multi-billionaire?
05:25Well, my problem with billionaires is more so
05:28that there's limited wealth in the world and in the country.
05:32So as billionaires keep getting more money,
05:35people are going to suffer at the bottom.
05:36So it's never a good thing regardless.