Counting Down the Top Ten Wealth Winners After the Trump Victory

Original Title: "Top 10 Wealth Winners After Trump's Victory"

Original Author: Frank, PANews

With the dust settled on the 2024 US Presidential Election, Trump's victory has not only attracted global attention but has also stirred up a new wave in the business world. Many business giants emerged as winners in this political game, with their wealth seeing a significant boost in a short period of time.

Furthermore, due to Trump's favorable stance towards the crypto world, the implications of this political game have apparently brought a shining moment to the crypto world. The recent market performance has also confirmed this, with Bitcoin continuously hitting new highs, reaching a peak of $89,000 on the morning of November 12. Various mainstream and meme coins have seen collective gains, and the entire crypto industry seems to have finally embraced a victorious moment of celebration. As the election concluded a week ago, PANews has compiled a list of the top ten winners of the Trump victory in terms of publicly available wealth appreciation, with data as of November 12.

Elon Musk

Apart from Trump himself, Elon Musk may be one of the biggest winners of this election. However, Musk did not initially bet on Trump. Back in 2016, after Trump's first election as president, Musk was involved in policy discussions as part of the economic advisory team. Following Trump's announcement of the US withdrawal from the Paris Climate Agreement, Musk declared his exit from the advisory team. It wasn't until 2022 that Musk, before acquiring Twitter, stated, "I think it's important to have an inclusive, trustworthy digital public space. Otherwise, how do we help Trump get elected president in 2024?" Subsequently, immediately after acquiring Twitter, Musk unblocked Trump's Twitter account.

As the 2024 election approached, Musk provided substantial donations to Trump's campaign through his established political action committee (America PAC), announcing a $75 million donation in July and adding $47 million in October. According to sources, Musk's Super PAC spent around $200 million to assist Trump's campaign. Besides, Musk has repeatedly endorsed Trump, truly going ALL IN for Trump.

Evidently, after Trump's victory, Musk's returns have been the greatest. Looking at his wealth performance in just the past week, Tesla's stock price has risen by 60% in the last month, with a market cap returning to $1.1 trillion. Musk's net worth has soared by $70 billion in a week, reaching $335 billion, equivalent to approximately ¥23 trillion RMB. Of course, this is unlikely to be the final fruit of Musk's bet on Trump. With Trump officially taking office in the White House and rolling out policies, more lucrative returns are expected. However, just from a one-week perspective, Musk has seen his net worth rise by $70 billion from a $1.22 billion investment. The short-term return has also reached 573 times, making Musk truly the "LVMI of modern America."

Larry Ellison

Larry Ellison is the co-founder and chairman of Oracle Corporation. Throughout his career, Larry Ellison has been one of the few tech leaders in Silicon Valley openly supporting Donald Trump. As early as 2020, Ellison had hosted fundraising events for Trump. In this election cycle, Ellison had donated $20 million to a Super PAC supporting the Republican Party in 2022, accounting for 78% of the PAC's fundraising at the time. While Larry Ellison may not publicly endorse Trump as Musk does, this behind-the-scenes ally-like relationship seems to have not been forgotten by the market.

After Trump's victory, Larry Ellison saw his wealth surge by nearly $18 billion, with a net worth reaching $204 billion, approximately ¥14 trillion.

Jeff Bezos

Jeff Bezos, as the founder of Amazon and owner of The Washington Post, is known for his political stance. During the 2016 and 2020 U.S. presidential elections, The Washington Post openly endorsed Democratic candidates and criticized Republican candidate Trump. However, on the eve of the 2024 presidential election, The Washington Post announced it would no longer endorse any candidate, a move seen as either courting favor with Trump or avoiding confrontation post-Trump's election.

In terms of impact, after Trump's election, along with the surge in tech stocks, Bezos' net worth also increased by $115 billion, reaching $223.5 billion.

Brian Armstrong

Brian Armstrong is the CEO of Coinbase. During the 2024 U.S. presidential election, he did not publicly express support for any specific candidate. Perhaps for the benefit of Coinbase, he had stated that regardless of the election outcome, the U.S. government would maintain a crypto-friendly attitude. Following the election, Brian Armstrong viewed Trump's victory as a win for the crypto-election, emphasizing an increased political support for digital assets.

Regardless of Brian Armstrong's true political stance, Coinbase emerged as one of the winners of this election. Within a month, Coinbase's stock price rose by 83.8%, and Brian Armstrong's personal wealth surged by $5.6 billion in a week, reaching $14 billion. In terms of growth rate, Brian Armstrong is undoubtedly one of the biggest winners among these super billionaires.

MicroStrategy

MicroStrategy, as one of the largest Bitcoin holders, has become one of the best-performing U.S. stocks this year. The price has risen by 573.4% year-to-date, benefiting from Bitcoin breaking $89,000 to reach a new high after Trump won the election. MicroStrategy's stock price also broke $340, setting a new all-time high. In the past month, MicroStrategy's stock price has risen by about 59.9%.

On the evening of November 11, MicroStrategy announced that it had purchased 27,200 Bitcoins between October 31 and November 10, spending approximately $2.03 billion with an average purchase price of about $74,463 per Bitcoin. The funds for this purchase came from the company's stock sale through an ATM. Currently, MicroStrategy's total holdings have reached 279,420 Bitcoins, with a total acquisition cost of about $11.9 billion and an average purchase price of about $42,692 per Bitcoin. Based on Bitcoin's price of $89,000, MicroStrategy's Bitcoin holdings have an unrealized gain of approximately $12.9 billion.

French Trader Théo

As the biggest winner on the U.S. election prediction market Polymarket, people have been enjoying the story of French trader Théo. Through exclusive neighbor survey methods and large bets, Théo has earned over $48.5 million in this election cycle. Unlike other billionaires whose net worth has increased, Théo's gains are a real cash return. From this perspective, he may well be considered the biggest winner. (Related reading: Mysterious Whale Wins $50 Million on Polymarket, How Did He Correctly Predict the Election Result)

However, winners on Polymarket are always in the minority. According to OKG Research, only 3 accounts have profited over $10 million, with about 12% of accounts achieving positive gains.

X Token Holder

X Empire is a Musk-themed clicker game. Since its creation in July 2024, X Empire's price curve has been lukewarm, showing a long-term downward trend. However, with Trump's election win and Musk being the most direct beneficiary, his related hot topics have become popular in the crypto market. X Empire's price surged approximately 17 times from November 4 to November 10. Some traders have taken advantage of this trend to achieve a personal breakthrough, with a trader named Bit Surf claiming to have achieved a personal milestone of a thousandfold return through X token trading.

$PNUT Holder

In the MEME track, there are quite a few American election-related tokens. However, based on the results of the election day, it seems that both Trump-affiliated and Harris-affiliated tokens did not perform well. This MEME coin, which is based on a squirrel internet celebrity persecuted by law enforcement, was vigorously promoted by Musk during the election, triggering market enthusiasm. With the dust of the election settled, Pnut, as a successful MEME experiment against the Democratic Party, was also recognized by the market. On November 11, Binance announced the listing of the $PNUT token. Upon this news, the price of $PNUT once again doubled, reaching a market cap of 4.5 billion dollars.

Cardano

Cardano's founder, Charles Hoskinson, has expressed support for Trump's cryptocurrency policies on different occasions, and this low-cost bet undoubtedly brought huge returns to Cardano. During the TOKEN2049 conference in Singapore in September 2024, Hoskinson, in an interview with CNBC, said, "From a cryptocurrency perspective, between Harris and Trump, Trump is undoubtedly the most popular candidate."

On November 10, Hoskinson once again stated his willingness to cooperate with the U.S. government under the leadership of Trump to help formulate cryptocurrency legislation with the aim of creating a clear regulatory framework for the cryptocurrency industry. Influenced by these statements, the governance token ADA of Cardano saw a significant price increase from November 5 to November 10, rising by 106%, nearly becoming the token with the largest increase among the mainstream tokens. ADA's market cap also once approached a 300 billion dollar valuation, increasing by 150 billion dollars in a week.

Overall Cryptocurrency Market

Thanks to Trump's previous pledges to introduce favorable measures for the cryptocurrency market once in office, the global cryptocurrency market has also benefited overall. From a market cap perspective, since entering the final stage of the election, the overall cryptocurrency market cap has been steadily rising. From 2.19 trillion on November 5 to a peak of 3.1 trillion on November 12, hitting a historical high. From this perspective, the cryptocurrency market is the biggest winner after Trump's election. Of course, as of the current situation, the entire cryptocurrency market seems to still be benefiting from the positive effects of the election.

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