Following Donald Trump’s reelection, U.S. billionaires saw their wealth surge by $29 billion in a single day. Market optimism spiked, driving up stocks and fueling gains across multiple industries, with prominent billionaires benefiting significantly. Analysts link this rally to expectations of tax breaks, deregulation, and pro-business policies anticipated under Trump’s administration, especially favoring sectors like energy and finance. The win has bolstered market confidence, creating potential for continued wealth growth among the ultra-rich.
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