Forbes Daily: Tesla Shares Up 39% In Post-Election Winning Streak
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Billionaire philanthropist MacKenzie Scott offloaded more Amazon shares, a new filing shows, as she remains one of the nation’s most prolific donors.
Scott received about 400 million shares of Amazon as part of her 2019 divorce from Jeff Bezos, and she has disposed of two-thirds of them in less than six years. If she had not done so, she would be one of the 20 richest people in the world. Instead, Forbes now estimates that Scott is worth $30 billion.
Scott is known for a grassroots, no-strings-attached approach to giving—which is unique among the ultra-wealthy—and it’s not uncommon for recipients to think the gift, which often comes by phone call, is spam.
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Tesla extended its post-election stock market gains Monday, with shares of the EV maker now up 39% since last Tuesday, and Elon Musk has unsurprisingly benefitted the most. The net worth of Tesla’s largest shareholder is up about $54 billion since last Tuesday, reaching $319 billion, according to Forbes’ calculations. Musk is now more than $80 billion wealthier than the planet’s next richest person.
MORE: Tesla’s gains have been the most high-profile, but there are several smaller stocks that have outperformed the Elon Musk-led car company post-election. Since Election Day, Taser stun gun parent Axon Enterprise has gained 40%, while shares of multibillion-dollar private prison companies CoreCivic and Geo Group—which are Immigration and Customs Enforcement contractors—are up 76% and 75%.
Entrepreneur Mark Cuban speaks at a campaign event for Vice President Kamala Harris in October.
Billionaire Shark Tank star Mark Cuban, who backed Vice President Kamala Harris in the election, has drawn scrutiny for owning property in Trump International Tower, and Forbes found that he owns two apartments in the building worth an estimated combined $13 million. In fact, they are worth more than Trump’s own real estate portfolio in the building. Cuban told Forbes he “looked at selling” the condos, “but the price has dropped significantly over the last eight years.”
Billionaire Mitch Morgan,........
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