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Trump’s Victory Boosts Billionaires’ Wealth. Musk and Bezos Are Winners, Too
One day after the U.S. election, some of the world's billionaires became even richer, including Elon Musk, a campaign ally of Republican president-elect Donald J. Trump.As of Wednesday's market close, Musk, the world's richest man, saw his wealth climb $26.5 billion to $290 billion from the prior day, according to the Bloomberg Billionaires Index.The index provides individual calculations and analysis of net worth, which could include public and private assets, and cash, according to Bloomberg.The Dow surged 3.6%, its largest post-election gain since 1896, according to Dow Jones Market Data. The S&P 500 rallied 2.5%, while the Nasdaq Composite climbed 3%. All three indexes finished with record closing highs.At least on paper, Musk, the CEO of Tesla and owner of social media site X, has more than made up for the more than $118 million he spent promoting Trump's campaign as of last month. Tesla's stock jumped nearly 15% on Wednesday.This content was created by Barron's, which is operated
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