Billionaire Clinton Backers Are Richer Since Trump Won
Billionaires who shilled for former Secretary of State Hillary Clinton’s presidential campaign are doing quite well since President-elect Donald Trump won the White House, adding billions to their respective fortunes since Election Day.
Warren Buffett, long-time Democratic donor and ardent Clinton supporter, saw his net worth increase by $11.8 billion since Trump was elected. Berkshire Hathaway, Buffet’s investment firm, saw its airline and banking positions rise dramatically over the last month. The two sectors have soared on Trump’s promises of massive deregulation and spending on infrastructure. (RELATED: Here Is How The Market Looks One Month After A Trump Win)
While Buffet has brought in the largest year-end sum, other Clinton-backing billionaires have fared well since Election Day.
Microsoft founder Bill Gates watched his net worth climb by $9.8 billion as of Dec. 28, bringing his total net worth to $91.8 billion. With the Trump bump, Gates is now the richest man in the world.
Gates and his wife Melinda are long-time supporters of the Clinton cause. The pair have donated over $25 million to the Clinton Foundation, and Gates was even on a short list for potential vice presidential picks for Hillary Clinton.
Possibly the funniest example in the set is Amazon CEO and owner of The Washington Post Jeff Bezos. Trump took aim at Bezos multiple times on the campaign trail, decrying that Amazon had “a huge antitrust problem,” and WaPo was not covering the election in an unbiased fashion.
Bezos fired back at Trump on Twitter, saying he would send the president-elect to space on one of his startup’s rockets.
— Jeff Bezos (@JeffBezos) December 7, 2015
After a tech summit with the president-elect at Trump Tower on Dec. 14 and 15, Amazon’s shares made big gains, as the president-elect appeared to be favorable to the tech industry. As a result of Amazon’s recent surge, Bezos is up $7.5 billion on the year, the New York Post reports.
Facebook founder and CEO Mark Zuckerberg is also up $5.4 billion on the year.
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