Jeff Bezos, Elon Musk and 4 More People Who Have Already Gotten Richer Thanks to Trump’s Win
Written by
John Csiszar
Edited by
Amber Barkley
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When President-elect Donald Trump won re-election to the presidency on Nov. 5, stock markets immediately began to soar. As most of the world’s richest people own stocks and/or run businesses that trade on the stock exchange, many of them saw their wealth skyrocket, as well — even those who may have endorsed candidates other than Trump.
Many of the billionaires who saw their wealth jump are titans in the tech industry, which could see decreased regulation under a second Trump presidential term, Barron’s reported. But as the overall market screamed higher after the election, the gains were not restricted simply to that one industry.
Here’s a look at six people who have already gotten much richer thanks to Trump’s win, further evidencing the axiom that “the rich get richer.”
Jeff Bezos
Jeff Bezos is the well-known billionaire founder of Amazon, which now seemingly sells everything to everyone. In part due to the company’s stock surge after Trump’s re-election, Bezos added an estimated $7.14 billion to his wealth.
Bezos stands to gain even more due to the reliance of his space exploration company, Blue Origin, on government contracts from the U.S. Department of Defense and NASA. Although Bezos did not endorse Trump, he did publicly congratulate the President-elect on his election night victory, calling it “an extraordinary political comeback” in a post on X.
Elon Musk
Elon Musk has gained perhaps the most of all thanks to Donald Trump’s re-election. Not only has Musk gained monetarily, but Trump has appointed him the head of the newly christened “Department of Government Efficiency,” or DOGE.
Seeing as Musk’s companies have several current government investigations and lawsuits against them — some or all of which may go away with Musk part of the government — his good times may keep on rolling.
Estimates show that Musk’s net worth jumped by more than $26 billion on the day after the election alone. As of Nov. 20, Tesla’s stock had gained roughly 40% since the election, propelling Musk’s net worth upwards by at least $80 billion.
Larry Ellison
Larry Ellison is the co-founder of information technology company Oracle, and he, too, enjoyed a big bump to his net worth thanks to Trump’s re-election, with CNN estimating an increase of $9.88 billion in the day after the election alone.
However, Oracle has already enjoyed a record-breaking year all on its own, with the stock jumping more than 80% year-to-date. If it continues to post strong earnings, Ellison may continue to see large increases to his net worth, regardless of who is in the White House.
Steve Ballmer
Although Steve Ballmer doesn’t perhaps receive the publicity of his Microsoft co-founder Bill Gates, Ballmer nevertheless earned even more the day after Trump’s re-election than did Gates. Ballmer is estimated to have enjoyed a $2.81 billion pop to his net worth, nearly double Gates’s $1.82 billion gain.
Warren Buffett
Warren Buffet is one of the most-quoted billionaires in the world, as his folksy wisdom makes investing seem like something everyone can do. The CEO of Berkshire Hathaway, which is essentially a holding company for Buffett’s stock investments, did not endorse Trump — or any candidate — in the 2024 election, but his net worth nevertheless benefitted from the former president’s re-election.
In the day after the election alone, it’s estimated that Buffett made $7.58 billion, pushing up his net worth to $148 billion.
Larry Page
Larry Page is the co-founder of Google. While he no longer serves as the company’s CEO, he is still a board member and controlling shareholder of Google’s parent Alphabet. It’s estimated that the day after the 2024 election, Page’s net worth jumped by $7.58 billion.
Page is another billionaire executive who didn’t endorse a candidate during the 2024 election but nevertheless profited handsomely after Trump retook the nation’s highest office.
Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
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