The Zhitong Finance App learned that as Donald Trump defeated his rival Harris and won his second term as president, the wealth of the top ten richest people in the world surged by a record on Wednesday EST, and their total wealth increased by more than 60 billion US dollars. Musk, Bezos, and Ellison had the highest increase in wealth, mainly because after Trump announced his victory, the US stock market skyrocketed across the board because Trump's victory would bring about a more relaxed fiscal and policy framework to promote economic growth.

According to the latest Bloomberg Billionaires Index (Bloomberg Billionaires Index), the net assets of the world's top ten billionaires, led by the “richest man in the world” Tesla CEO Elon Musk (Elon Musk), surged a record high of 63.5 billion dollars after the US stock market closed on Wednesday. Trump's victory can be called a “money printer” kind of wealth growth catalyst for these rich people.

The top ten richest people in the world got richer after Trump announced his victory

Most of the earnings of these global super-rich are due to a sharp overnight surge in the US stock market, which underscores the bets that Trump will implement an agenda conducive to reducing corporate taxes and deregulation after returning to the White House. As of Wednesday, the S&P 500 index closed up 2.5% to close at 5929.04 points. The increase was the best benchmark index performance in history on the day after the presidential election, while the US dollar exchange rate also followed a sharp rise.

More importantly, looking ahead, many Wall Street analysts continue to be bullish on US stocks, even reaching 6,600 points. After the US presidential election results were announced, Goldman Sachs reiterated its forecast that the S&P 500 index would reach 6,300 points within 12 months. The Wall Street financial giant's views on US stocks have not changed with Trump's election as the 47th president of the United States. It is expected that by 2025, strong profit growth will support the rise in the market.

David Kostin, chief US stock strategist at Goldman Sachs, said, “A key driver of the recent stock market will be a reduction in political uncertainty. This dynamic will usually bring strong year-end returns during the presidential election year. As election uncertainty is resolved, the elasticity of recent economic growth data and the expectation that the Federal Reserve will continue to cut interest rates can be described as supporting the healthy short-term outlook for the US stock market.”

Another Wall Street agency, Evercore ISI, even gave a more optimistic forecast, saying that by mid-2025, the S&P 500 index will rise to 6,600 points, and stated, “Trump's decisive and uncontested election as President of the United States and that the Republican Party may win a big victory is not anyone's basic prediction.” Evercore ISI also said that the prospect of deregulation supports the US stock market.

“America's financial assets, particularly stock assets and the dollar, should continue to be boosted,” Samy Chaar, chief economist at Lombard Odier in Switzerland, wrote in a report to clients in the wealth management sector.

It is worth noting that among the top ten super-rich people currently in the world, only one is not in the US and their total wealth has shrunk, and that is Bernard Arnault (Bernard Arnault), the chairman and largest shareholder of global luxury goods giant LVMH. LVMH stock prices and the European stock market as a whole did not skyrocket due to Trump's election victory; European stock market investors instead panicked that Trump might impose tariffs.

According to information, long after “Understanding King” Trump was assassinated, he began spending huge sums of money to fully support Trump. Musk, the richest man in the world, who persists in “stouting” Trump, can be called “rich and rich”. Musk alone's wealth pool increased sharply by 26.5 billion dollars after the US stock market closed on Wednesday.

Musk participated in many election rallies with the Republican presidential candidate until the ballot results clearly showed that Trump won. Musk can be described as having participated in this round of elections with Trump. Their fate was firmly bound from the moment Musk funded Trump to run for president. As Trump has vowed to give Musk an official position, he seems ready to influence US policy making. Trump has secured victory in the general election, and Musk is expected to rise to the “top” in the US political world. With Tesla's deep layout in China and Musk's position in favor of the Chinese market, he himself may even become a “bridge for Sino-US relations.”

Early Wednesday morning local time, Trump praised Musk during his victory speech at the Palm Beach Convention Center in Florida. “We had a new star; a star was born: Elon,” Trump said. “He's an amazing person. We're sitting together tonight. He spent two weeks busy before and after our campaign in Philadelphia and different parts of Pennsylvania.” Trump said in his victory speech.

Tesla (TSLA.US) under Musk's leadership became one of the biggest winners of the “Trump Deal” in the US stock market. Tesla's stock price in New York surged more than 15% on Wednesday, expanding to 32% over the past year. Tesla's stock price over the past year can be described as being sluggish for a long time. According to Tesla investors and Musk fans, the “Trump 2.0 era” will fully benefit Trump's “big money” Musk's business empire, and Musk's influence in the political and business sectors is likely to grow exponentially.

As for a series of regulatory issues, such as “the federal government is inefficient” and “the Tesla FSD regulatory review has been slow to follow,” which Musk has been complaining about for a long time, it may usher in a “qualitative change” type of accelerated review. As an important donor of Trump's campaign funds, Musk is expected to play an important role in the Trump administration. Trump has announced that he will establish a government efficiency committee led by Musk to cut federal spending and possibly have the responsibility of overseeing the administrative efficiency of federal government departments. Some analysts pointed out that Musk may use his political and commercial influence to reduce the scale of government supervision of his Tesla and SpaceX rocket businesses, and hopes to speed up the federal government's approval process for Tesla FSD and RoboTaxi.

Deepwater Asset Management analyst Gene Munster predicts that the Trump administration may approve Tesla's autonomous driving plan sooner, which is critical to advancing technology. He emphasized that this is particularly important as the regulatory challenges of autonomous driving are greater than technical challenges.

Additionally, Jeff Bezos, founder of e-commerce giant Amazon, and Larry Ellison, founder of software empire Oracle, are also super-rich people who benefited from the rise in US stocks on Wednesday. The net cumulative wealth growth of the top ten super-rich, recorded on Wednesday was 63.5 billion US dollars, the largest daily increase since the Bloomberg Wealth Index was compiled in 2012.

Apart from Musk and the top ten super-rich, the other wealthy people with the largest wealth growth are concentrated in cryptocurrency billionaires. The net worth of Brian Armstrong (Brian Armstrong), the co-founder and CEO of cryptocurrency exchange Coinbase Global Inc., soared about 30% to $11 billion. Zhao Changpeng, founder of Binance, the world's largest cryptocurrency exchange, increased his wealth by about $12.1 billion after the US election, bringing his net worth to $52.7 billion.