Wealth of Cryptocurrency Tycoons Surges After Trump's Election Win

Several of the world's richest individuals, including those with connections to cryptocurrency, experienced a significant increase in their net worth on Thursday due to a surge in stocks following Donald Trump's election win. Trump's expected support for cryptocurrency and corporate tax cuts during his upcoming term contributed to the increase. Elon Musk, one of Trump's top financial supporters, saw his net worth rise by $21 billion to $285.6 billion. Other notable increases include Jeff Bezos' net worth rising by $7 billion to $223.5 billion, Larry Ellison's net worth increasing by nearly $12 billion to $220.8 billion, and Brian Armstrong's net worth increasing by $2.6 billion to an estimated $11 billion. Despite a small drop in net worth, Meta co-founder Mark Zuckerberg remained the fourth-wealthiest person in the world with a net worth of $197.9 billion. Bitcoin reached an all-time high of over $76,000 in response to Trump's electoral victory, with businesses and crypto-related stocks reacting positively to the election results due to Trump's pro-crypto stance and promises of tax cuts for prominent CEOs. Trump has also expressed his intention to make the US the "crypto capital of the planet."