And his picks are the wealthiest ever selected by a President-elect.
And before he has even entered the Oval Office he has drastically increased their wealth.
The world’s wealthiest 200 billionaires increased their net worth by $237 billion in 2016, taking their total wealth to $4.4 trillion as of the close of trading on Tuesday, an overall increase for the year of 5.7 percent, according to calculations by Bloomberg.
The major factor in the wealth increase is the surge in the US stock market since the election of Donald Trump on November 8, with the Dow Jones Industrial Average heading towards 20,000, an increase of close to 9 percent in seven weeks, or 69 percent on an annualized basis.
[source : World’s richest increased their wealth by $237 billion in 2016, WSWS, http://www.wsws.org/en/articles/2016/12/29/lead-d29.html, 29th December 2016]
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