Trump's win makes the world's top 10 richest people's net worth grow by $63.5 billion in a single day

On Nov. 7, the wealth of the U.S. and global tycoons surged as Trump won re-election, with the world's top 10 richest people seeing their net worth grow by a record $63.5 billion in a single day, Bloomberg reported. Tesla CEO Elon Musk's fortune increased by $26.5 billion, with Amazon founder Bezos and Oracle Chairman Ellison also being major beneficiaries. It was the biggest one-day gain for the Bloomberg Billionaires Index since its inception in 2012.
Trump's victory pushed U.S. stocks soaring, with the S&P 500 rising 2.5 percent, its best performance since the election. Markets are betting that Trump will implement low taxes and loose regulatory policies, driving U.S. financial assets, especially stocks and the U.S. dollar, stronger. In addition, the net worth of crypto-rich individuals such as Coinbase CEO Brian Armstrong and Coin Security founder Zhao Changpeng rose sharply, with Zhao's wealth increasing to $52.7 billion.