Shulou(Shulou.com)11/24 Report--

Beijing, Nov. 11 (Xinhua) American tech billionaires have just had their best day ever. As the stock market soared on Thursday, their wealth increased by $59 billion (424 billion yuan), a record one-day increase.

▲ Bezos Wealth soared $10.5 billion Thursday in the u.s. stock market, with the s & p 500 up 5.5% and the NASDAQ 7.5%. This comes after US data showed that inflation fell more than expected in October, sparking bets that the Fed might stop raising interest rates sharply. Hard-hit technology stocks led the stock market higher this year.

The wealth of ▲ US tech tycoons rose by $59 billion a day. Amazon founder Jeff Bezos was the biggest winner, with his net worth rising by $10.5 billion to $119.6 billion, according to the Bloomberg Billionaires Index. Earlier reports that his successor, Amazon CEO Andy Jassy, was looking for ways to cut costs sent Amazon's shares soaring 12%, the biggest increase since February.

Musk ranked second in terms of wealth growth. His net worth rose by $9.6 billion to $183.8 billion on Thursday, making him still the richest man in the world. Steve Ballmer (Steve Ballmer), former CEO of Microsoft, increased his net worth by $5.9 billion. Google founders Larry Page (Larry Page) and Sergey Brin (Sergey Brin) increased their wealth by $5.3 billion and $5.1 billion, respectively.

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