From Elon Musk to Jensen Huang: 7 biggest net-worth gainers after Donald Trump's victory

Former President Donald Trump’s stunning comeback in the race for the White House not only paved the way for a Republican commander-in-chief after four years but also sparked a market rally, with many billionaires seeing their net worth shoot up. Tesla CEO Elon Musk, who had endorsed Donald Trump’s candidacy and donated nearly $119 million to a political action committee to support the Republican leader, was unsurprisingly the biggest gainer of the US election results. Musk’s net worth rose by over $20 billion as Tesla shares rallied on the bourses.

Jeff Bezos, Larry Ellison, Warren Buffett, Jensen Huang, Larry Page and Sergey Brin were among the top billionaires who saw their wealth soar on November 6. Together, these billionaires gained over $62 billion when the market closed on Wednesday.

Elon Musk: +$20.9 billion

Larry Ellison: +$11.7 billion

Oracle founder and Chief Technology Officer Larry Ellison saw his net worth increase by $11.7 billion to $220.8 billion as the company’s stock climbed 5.5%, solidifying his status as the third richest person and pushing him closer to Amazon founder Jeff Bezos. Born in 1944, Larry Ellison co-founded Oracle in 1977, transforming it into one of the world’s leading database and enterprise software companies.

Warren Buffett: +$7.6 billion

Warren Buffett, chairman and CEO of Berkshire Hathaway, saw a $7.6 billion gain, bringing his total wealth to an estimated $147.4 billion. Buffett is one of the world’s most successful investors and a legendary figure in the finance world. While Berkshire is known for its diverse holdings across industries from insurance to railroads, the company’s investments in energy and manufacturing could benefit from policies encouraging American industry under Trump.

Jeff Bezos: +$7 billion

Amazon founder Jeff Bezos saw a $7 billion boost to his net worth, raising his total wealth to around $223.5 billion. Amazon stock rose 3.8% on Wednesday to reach an all-time high of $207 per share. Bezos started Amazon as an online bookstore in 1994, expanding it into the world’s largest online retailer and a tech powerhouse. He stepped down as CEO in 2021 to focus on his space exploration company, Blue Origin, and other ventures.

Larry Page: +$5.3 billion

Larry Page, co-founder of Alphabet, gained $5.3 billion as Alphabet’s shares climbed 4%, bringing his total net worth to roughly $146.4 billion. While Page stepped down from day-to-day operations in 2019, he remains a board member and a controlling shareholder. Larry Page co-founded Google in 1998 with Sergey Brin. He later helped establish Alphabet Inc., Google’s parent company, to oversee various projects and innovations beyond search.

Sergey Brin: +$5 billion

Google co-founder Sergey Brin's net worth shot up by $5 billion to $139.9 billion as Alphabet's stock climbed 4%. Sergey Brin partnered with Larry Page to create Google, which became the world’s most popular search engine. While Brin stepped down as president of Alphabet in December 2019, he remains a board member and a controlling shareholder.

Jensen Huang: $4.9 billion

NVIDIA CEO Jensen Huang was among the biggest gainers of Trump’s victory after the shares of the semiconductor company surged over 4%. Jensen Huang’s net worth climbed to $127 billion, helping him enter the list of top 10 richest people in the world. Jensen is now at the ninth position, just above Zara’s Amancio Ortega.