• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 16, 2026

2

'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

3

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

1

Current price of oil as of June 16, 2026

2

'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

3

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
PoliticsU.S. Presidential Election

Warren Buffett and Jensen Huang stayed quiet on the election—and their fortunes have rallied more than $12 billion

Eleanor Pringle
By
Eleanor Pringle
Eleanor Pringle
Senior Reporter, Economics and Markets
Down Arrow Button Icon
Eleanor Pringle
By
Eleanor Pringle
Eleanor Pringle
Senior Reporter, Economics and Markets
Down Arrow Button Icon
November 7, 2024, 6:33 AM ET
Left: Nvidia CEO Jensen Huang. Right: Berkshire Hathaway CEO Warren Buffett.
Nvidia CEO Jensen Huang and Berkshire Hathaway CEO Warren Buffett have stayed carefully out of political chatter this election cycle. Left: Chip Somodevilla - Getty Images. Right: Daniel Acker/Bloomberg - Getty Images
Add Fortune on Google for similar content.

Even the billionaires who kept their lips firmly sealed about the U.S. presidential elections are benefitting from the outcome, with their fortunes ballooning as the market rallies.

While a host of notable names came out in favor of either president-elect Donald Trump or Vice President Kamala Harris, a significant proportion kept their opinions to themselves.

Among them was Berkshire Hathaway CEO Warren Buffett, Nvidia CEO Jensen Huang and Alphabet co-founder Larry Page.

With the S&P 500 rallying 2.5% in the past 24 hours and the Nasdaq similarly jumping 3% following the confirmation of a second Trump presidency, the wealth of the richest people on the planet has similarly leapt.

Indeed, the world’s 10 richest people—including the likes of Tesla CEO Elon Musk, Amazon founder Jeff Bezos and Meta founder Mark Zuckerberg—saw their daily wealth surge hit a record-breaking $64 billion according to Bloomberg’s Billionaires Index.

Warren Buffett: Up $7.6 billion

The CEO of Berkshire Hathaway remained determinedly silent on whether he would prefer a Harris or Trump administration—despite the best efforts of AI deepfake creators who attempted to make avatars of his endorsement.

In fact, the 94-year-old grew so tired of the fake images circulating he pushed Berkshire Hathaway to make a rare statement on the matter.

In late October the investment conglomerate issued a statement via its unusually antiquated website, reading: “In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products as well as his endorsement and support of political candidates.

“Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates.”

Irrespective of the distance Buffett put between himself and politics, his assets have still ballooned by nearly $8 billion overnight.

According to the Bloomberg Billionaires Index, Buffett’s fortune grew $7.58 billion—6.3%—in its update overnight to Nov. 7.

His year to date net worth increase has been $28 billion, giving him a total valuation of $148 billion. Berkshire Hathaway’s share price is up 5.3% on the day of writing.

Jensen Huang: Up $4.8 billion

The CEO of Nvidia has already seen his net worth soar by a blistering $83 billion so far this year, with Bloomberg’s index showing it has rallied a further $4.8 billion in its latest change.

Huang’s net worth now sits at $127 billion, with Nvidia rallying 4% today.

The Big Tech boss has also kept his hands clean of political endorsements either towards red or blue.

When asked about a preference towards one candidate or another in terms of stability in the business environment, Huang told CNBC: “One of thing that’s really important is… to have a stable policy. Of course, policy has to adapt to the changing environment and in our world the changing environment is literally real time.

“I appreciate the challenges it has on the administration and meanwhile we have to simultaneously seek and strive for American technologies to be the safest choice, to be the best choice, and we want the rest of the world’s industries to be built on top of our industry.”

When asked about proposed policies like Trump’s 10% import tariff, Huang was similarly bipartisan. He said: “I’m not very informed about most of that stuff. I think our company, of course, serves industries globally and we’re one of the few companies in the world that serves every AI company in the world.

“All of these matters are complicated and requires nuanced thinking from the administration so I trust that they’re going to make great decisions,” he continued.

Larry Page: Up $5.53 billion

Alphabet co-founder Larry Page saw his wealth balloon by more than $5.5 billion as tech stocks bounced on Trump’s regulation-light approach to technology.

But despite the former Google CEO having seen a huge increase to his fortunes on the back of a second Trump administration, he too stayed quiet on which candidate he would have seen installed in the Oval Office.

Page’s silence on politics is a marked difference from the approach of his former friend, X owner Musk.

Speaking on Fox News last year, Musk made it clear the partnership between himself and the fellow tech titan had soured, saying an alleged disagreement over AI regulation was the “final straw” in the downfall of their friendship.

Musk and Bezos

Musk’s fortunes have—unsurprisingly—rallied massively following Trump’s victory. The world’s richest man donated heavily to Trump’s campaign and has been promised political roles as a result.

The mutual support between Musk and Trump has led to huge gains in EV-maker Tesla’s shares, with Musk’s wealth leaping by a corresponding $26.5 billion.

Elsewhere, Amazon founder Bezos’s wealth has leapt by more than $7.1 billion.

While Bezos didn’t endorse either Trump or Harris, he was embroiled in the political battle after blocking the Washington Post—a paper he owns—from making its regular endorsement.

Defending the decision in an op-ed on the WP’s website, Bezos wrote: “What presidential endorsements actually do is create a perception of bias.”

He added: “While I do not and will not push my personal interest, I will also not allow this paper to stay on autopilot and fade into irrelevance—overtaken by unresearched podcasts and social media barbs—not without a fight.” 

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Eleanor Pringle
By Eleanor PringleSenior Reporter, Economics and Markets
LinkedIn icon

Eleanor Pringle is an award-winning senior reporter at Fortune covering news, the economy, and personal finance. Eleanor previously worked as a business correspondent and news editor in regional news in the U.K. She completed her journalism training with the Press Association after earning a degree from the University of East Anglia.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

knicks
Arts & EntertainmentNew York City
The Knicks have won 3 NBA titles, but their first parade was held up for 55 years by a budget crisis and a rejected $372 expense report
By Jennifer Peltz, Nick Lichtenberg and The Associated PressJune 17, 2026
2 hours ago
bores
PoliticsElections
OpenAI’s backers spent $7.6 million to destroy a state legislator. Anthropic spent $10 million to rescue him
By Matt Brown, Anthony Izaguirre, Nicholas Riccardi and The Associated PressJune 17, 2026
2 hours ago
The global under-16 social media ban Is no longer a fringe policy
EuropeSocial Media
The global under-16 social media ban Is no longer a fringe policy
By The Associated PressJune 17, 2026
2 hours ago
aidan
AIG7
Cohere CEO on G7 leaders’ choice: sovereign AI or digital serfdom
By Aidan GomezJune 17, 2026
6 hours ago
Doctors and nurses huddle in a hospital hallway
Economystudent loans and debt
Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses
By Jacqueline MunisJune 17, 2026
8 hours ago
sb
Personal FinanceSocial Security
‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983
By Nick LichtenbergJune 17, 2026
9 hours ago

Most Popular

Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
1 day ago
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
1 day ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
1 day ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
2 days ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
2 days ago
Current price of silver as of Tuesday, June 16, 2026
Personal Finance
Current price of silver as of Tuesday, June 16, 2026
By Joseph HostetlerJune 16, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.