While Donald Trump secured backing from some high-profile billionaires, including Elon Musk, others chose to stay silent during the 2024 US presidential race. Among them were Warren Buffett, Jensen Huang, and Jeff Bezos—and their fortunes have now skyrocketed as markets surged following Trump’s reelection.
Market Surge Fuels Billionaires’ Wealth
The confirmation of Trump’s second term has triggered a market rally, with the S&P 500 rising 2.5% and the Nasdaq climbing 3%. This surge has significantly boosted the net worth of the world’s wealthiest individuals.
According to Bloomberg’s Billionaires Index, the top 10 richest people, including Musk, Bezos, and Mark Zuckerberg, collectively gained $64 billion in just one day.
Warren Buffett: Staying Neutral Pays Off
At 94, Warren Buffett, CEO of Berkshire Hathaway, has long avoided political endorsements. Even as AI deepfakes attempted to link him to both candidates, Buffett clarified his stance:
“Mr. Buffett does not currently and will not prospectively endorse investment products or political candidates.”
Despite his silence, Buffett’s wealth surged $7.58 billion overnight, pushing his total net worth to $148 billion. His company’s share price also rose by 5.3%, contributing to his impressive $28 billion gain this year.
Jensen Huang: Nvidia’s CEO Benefits from Big Tech Boom
Jensen Huang, CEO of Nvidia, has also refrained from political endorsements. However, his fortune has surged by $83 billion this year, with a $4.8 billion increase overnight.
Nvidia’s shares saw a 4% uptick, boosting Huang’s net worth to $127 billion.
Larry Page: Tech Recovery Sparks Wealth Increase
Larry Page, co-founder of Alphabet, saw his fortune grow by $5.5 billion as tech stocks rallied under Trump’s business-friendly policies. Despite his immense influence, Page remained silent during the election, continuing his low-profile approach.
Jeff Bezos: Amazon Founder Reaps Rewards
Jeff Bezos, founder of Amazon, enjoyed a $7.1 billion boost in wealth following the market surge. Bezos, like Buffett and Huang, kept his political preferences private but has nonetheless benefited from the pro-business environment ushered in by Trump’s reelection.
A Record-Breaking Day for Billionaire Fortunes
The post-election rally has set new records, with silent billionaires emerging as major beneficiaries. As Trump’s policies continue to favor markets, their wealth is expected to grow further.
This wealth surge highlights how political outcomes can significantly influence the fortunes of the world’s richest individuals, even those who choose to stay out of the political spotlight.