The Five Billionaires Who Have Earned The Most Since Trump Became President.
Donald Trump delivered his inaugural address, promising to “make America rich again.”
In the three years since that day, America has certainly gotten richer, with the US stock market surging 47%.
But the top five winners are people who were already extremely wealthy.
Three are American billionaires. The other two live outside the United States.
Together, their wealth has increased by $ 219 billion since the election of Donald Trump.
Earnings since Trump’s election: + $ 74.4 billion
Net worth: $ 116.5 billion
The Billionaires Earned Most Since Trump : information
Luxury power revenues, LVMH, jumped 25% from 2016 to 2018, profits soared 57%.
In October President Trump joined the French businessman when cutting the ribbon for a new Louis Vuitton workshop in Texas.
The following month, Arnault’s company announced a $ 16.2 billion deal to buy American jeweler Tiffany & Co., which, by chance, recently started subleasing space in one of the President’s buildings in New York.
On Friday, Bernard Arnault again overtook Jeff Bezos to become the richest person in the world.
Earnings since Trump’s election: + $ 46 billion
Net worth: $ 115.6 billion
After offering to send Trump into space, the founder of Amazon made more money under the current president than anyone in America.
Even though Trump has criticized the e-commerce giant, his actions have increased, in conjunction with the company’s revenues.
The most recent filings, which include figures in the first three quarters of 2019, show that sales have increased 109% in three years.
If Bezos hadn’t turned over a quarter of his Amazon stake in the divorce to his ex-wife MacKenzie (now worth around $ 36.7 billion), he would have made even more than Arnault.
Earnings since Trump’s election: + $ 39.2 billion
Net worth: $ 61.1 billion
India’s richest person is booming, thanks to savvy movements and a booming national economy.
At the start of Trump’s presidency, Ambani dismissed the idea that having a protectionist in the White House would necessarily be bad for world affairs.
“In fact, Trump could be a blessing in disguise,” he said at a 2017 conference. “It will focus Indian talent.
Earnings since Trump’s election: + $ 30.7 billion
Net worth: $ 60 billion
After the former Microsoft CEO retired in 2014, his successor, Satya Nadella, took the company to new levels.
Microsoft’s stock has risen 181% since Trump’s election, helping to boost Steve Ballmer’s net worth by approximately $ 30.7 billion.
Over the past three years, Nadella has made major acquisitions such as the software company GitHub, while continuing to develop Microsoft’s cloud business.
Microsoft beat Amazon to win a cloud computing defense contract in October.
The deal could be worth up to $ 10 billion.
Earnings since Trump’s election: + $ 28.9 billion
Net worth: $ 82.2 billion
What controversy? Public protest and Capitol Hill hearings have done little to slow Facebook down, which has jumped 75% since the day Trump took office.
When the social network released its latest quarterly report in October, revenues were up 28% and three-month profits increased 19% to $ 6.1 billion.
More than enough to cover the Federal Trade Commission’s July fine of $ 5 billion for violating consumer privacy, one of the heaviest sanctions in government history.