News @lemmy.world return2ozma @lemmy.world 2 mo. ago

The world’s 10 richest people got a record $64 billion richer from Trump’s reelection

www.cnn.com The world’s 10 richest people got a record $64 billion richer from Trump’s reelection | CNN Business

Wednesday wasn’t just a good day for Donald Trump. The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index.

A Boring Dystopia @lemmy.world return2ozma @lemmy.world 2 mo. ago

www.cnn.com /2024/11/07/investing/billionaires-net-worth-trump-win/index.html

22 comments

Copying what I just wrote elsewhere because it's even more relevant here:

My 401k lost value significantly the week before the election, but has rebounded now. The slime balls who dominate the stock market must have been afraid that Harris would win. This country is disgusting.
- My 401K was up 6.28% for the last quarter, 11% election week, and post it’s up 21.53%. Not sure what your 401K is investing in compared to mine …
  
  Hmm, interesting. I couldn't tell you really, other than I selected an option that is supposed to be slightly on the higher-risk/high-growth potential side
Can i have some plz
- It will start trickling down any day now
  
  Reagan is in hell, waiting for heaven to trickle down. I'm guessing we'll be waiting even longer.
- no 💕
- Yes. Absolutely. Just get adopted by one of those 10 and you'll get all the money you want.
  
  Easy peasy lemon squeezy.
Did they win a bet or something?
- their companies are expected to do well so the share price goes up. their wealth isn't all cash in a bank, it's mostly owned shares and other assets.
  
  capitalism is a bit silly sometimes
  
  Only sometimes?
  
  Until those 1500% tariffs get put into place.
- Its stock market gains, so yes.
The impact of Citizens United v. FEC (2010) cannot be overstated.
We really need to take them at 90% like we used to.

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