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Finance, Tech Billionaires Boost Wealth After Election Wins

  • Big win for tech as California gig worker amendment passes
  • U.S. billionaires add $57.4 billion as stock markets climb
Wisconsin Residents Cast Ballots For 2020 U.S. Presidential Election
Photographer: Alex Wroblewski/Bloomberg
Updated on

Despite lingering uncertainty over the U.S. election, the country’s ultra-rich already have plenty to celebrate.

Tech billionaires in Silicon Valley saw a hotly contested ballot question on the employment status of gig workers pass in their favor, while an Illinois measure to swap the state’s flat income tax with a graduated system went down in defeat after Citadel’s Ken Griffin spent millions to oppose it.