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Amazon's Bezos, Facebook's Zuckerberg are real winners of post-election market rally
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Even though President Trump and Democratic nominee Joe Biden are still battling over the 2020 election, Amazon CEO Jeff Bezos and Facebook CEO Mark Zuckerberg could be considered winners in their own way.
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A total of 167 U.S. billionaires gained $57.4 billion on Wednesday, which saw the best-ever post-election gains for the Nasdaq and S&P 500, Bloomberg reported. Bezos had the biggest gain, $10.5 billion, and Zuckerberg increased his wealth by $8.1 billion, according to Bloomberg.
Bezos also sold one million shares of Amazon this week ahead of Wednesday's market rally, which adds up to $3 billion, according to SEC filings. He still owns approximately 53 million shares of Amazon stock.