Finance, Tech Billionaires Boost Wealth After Election Wins

by fa-mag.com posted 7months ago 50 views
Despite lingering uncertainty over the U.S. election, the country’s ultra-rich already have plenty to celebrate. Tech billionaires in Silicon Valley saw a hotly contested ballot question on the employment status of gig workers pass in their favor, while an Illinois measure to swap the state’s flat income tax with a graduated system went down in defeat after Citadel’s Ken Griffin spent millions to oppose it. Across the board, the 167 U.S. billionaires also gained $57.4 billion on Wednesday as investors bid up stocks, sending major averages to the biggest rallies in five months.

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