The Rich became richer as top ten richest people gained $64billion after Donald Trump victory.

Elon Musk, the world’s richest person whose wealth leaped from $26.5 billion to $290 billion last Wednesday after Donald Trump’s victory. Jeff Bezos wealth also grew from $7.1billion a week after defending his decision to withhold the Washington Post’s endorsement of Vice President Kamala Harris. Oracle co-founder Larry Ellison, another Trump supporter, saw his net worth rose $5.5billion. Former Microsoft executives Bill Gates and Steve Ballmer, former Google executives Larry Page and Sergey Brin and Berkshire Hathaway CEO Warren Buffett all Trump supporters also gained.

Trump Factor also fuels Bitcoin surge to $80,000 for the first time, and Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The Crypto currency climbed 4.3 per cent  to an unprecedented $79, 771 on Sunday and remained near $79,000.

Trump’s campaign’s pledge to impose tariffs of up to 60 per cent on imports from China which threatens the very growth model promoted by Xi Jinping, whose policy is to ramping up manufacturing and exporting China’s way out of a downturn. The US ordered Taiwan Semiconductor Manufacturing Company to stope shipments of advanced chips to Chinese customers that are often used in Artificial Intelligence applications, after TMSC notified the commerce department that one of its chips had been found in a Huawei AI processor.