Following Donald Trump’s election victory, US stock markets rose with all data from Dow, S&P 500 and Nasdaq significant gains.

by 2023 Gallup poll61% of Americans report owning stocks, with higher income earners more likely to participate. About 84% of U.S. adults with household incomes over $100,000 are invested in the market, while only 29% of those making $40,000 or less are invested in the market.

Business Content In January 2024, the top 10% of Americans held a record-breaking 93% of all stocks, while the bottom 50% collectively owned just 1% of stocks, according to Federal Reserve data.

This inequality is evident in the billions of dollars gained by a select few since the election results.

Accordingly ForbesElon Musk is $20.8 billion richer since Tuesday evening; former Oracle CEO Larry Ellison (up $11.7 billion), Warren Buffett (up $6.9 billion) and Amazon founder Jeff Bezos (up $5.9 billion) are also seeing big gains.