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

Trendingnow

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Current price of oil as of July 13, 2026

3

Current price of silver as of Monday, July 13, 2026

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Current price of oil as of July 13, 2026

3

Current price of silver as of Monday, July 13, 2026
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

U.S. launches new strikes on Iran while Tehran mocks Trump’s reversal on charging for Hormuz transits — ‘20% is of course too much. We will be fair’
PoliticsIran
U.S. launches new strikes on Iran while Tehran mocks Trump’s reversal on charging for Hormuz transits — ‘20% is of course too much. We will be fair’
By Jon Gambrell, Konstantin Toropin, Will Weissert and The Associated PressJuly 13, 2026
8 hours ago
Lindsey Graham and Mitch McConnell face each other.
North Americagovernment spending
McConnell’s absence could jeopardize Republicans’ defense spending agenda as the Iran war escalates
By Sasha RogelbergJuly 13, 2026
9 hours ago
usa
North AmericaWealth
America pays workers just 27% of what its wealth allows — the worst in the OECD
By Stephen Bagwell, Susan Randolph and The ConversationJuly 13, 2026
12 hours ago
dan
PoliticsElections
Meet Dan Sullivan, the retired schoolteacher running for office who insists he’s not trolling sitting Senator Dan Sullivan
By Becky Bohrer and The Associated PressJuly 13, 2026
14 hours ago
na
North AmericaEducation
‘We devalued the trades’: A Native American graduation miracle that isn’t what it seems
By Savannah Peters and The Associated PressJuly 13, 2026
14 hours ago
mm
North AmericaElections
Mitch McConnell breaks silence, said he was ‘briefly unconscious’ after a fall, got treated for mild pneumonia
By Mary Clare Jalonick and The Associated PressJuly 13, 2026
14 hours ago

Most Popular

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
2 days ago
Current price of oil as of July 13, 2026
Personal Finance
Current price of oil as of July 13, 2026
By Joseph HostetlerJuly 13, 2026
21 hours ago
Current price of silver as of Monday, July 13, 2026
Personal Finance
Current price of silver as of Monday, July 13, 2026
By Joseph HostetlerJuly 13, 2026
21 hours ago
Trump embraces Australian retirement system backed by Larry Fink
Personal Finance
Trump embraces Australian retirement system backed by Larry Fink
By Brianna Sosa and BloombergJuly 12, 2026
1 day ago
How Pete Hegseth's DEI order just put Scouting America's future at stake
North America
How Pete Hegseth's DEI order just put Scouting America's future at stake
By Seth T. Kannarr, Derek H. Alderman and The ConversationJuly 13, 2026
12 hours ago
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
Middle East
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
By Jason MaJuly 11, 2026
2 days 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.