(AmericanProsperity.com) – Americans are anticipating the final results of the presidential election, waiting to see if their candidate won or lost. Meanwhile, big tech billionaires vastly increased their wealth after Election Day as investors bid up their stocks. Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg gained the most.
On Wednesday, November 4, both the Nasdaq and S&P 500 had their best post-Election Day increase in history. Included in this surge were 167 US billionaires who gained $57.4 billion from the soaring market.
Bezos gained $10.5 billion while Zuckerburg gained $8.1 billion. These two weren’t the only ones to win big, shares journalist Jon Erlichman shares:
Increase in net worth today:
Jeff Bezos: +$10.5 billion
Mark Zuckerberg: +$8.1 billion
Larry Page: +$4.1 billion
Sergey Brin: +$3.9 billion
MacKenzie Scott: +$3.8 billion
Steve Ballmer: +$3.3 billion
Eric Yuan (Zoom): +$1.6 billion
Bill Gates: +$1.5 billionSource: Bloomberg
— Jon Erlichman (@JonErlichman) November 4, 2020
Big tech companies rake in enormous amounts of money while controlling much of what citizens read every day. These astronomical numbers come at a time when many Americans struggle to make ends meet due to COVID-19 lockdowns. Hopefully, a balance where America can prosper while holding fast to free speech and a free market is found soon.
~Here’s to Your Prosperity!
Copyright 2020, AmericanProsperity.com
