The world’s 500 richest individuals have reached a new milestone, surpassing $10 trillion in combined net worth for the first time this year. The tech sector played a significant role in driving their wealth up, with tech billionaires Elon Musk, Mark Zuckerberg, and Jensen Huang leading the way. Their collective gain of $903 billion was the highest among all 500 tracked by Bloomberg.
The surge in US technology stocks has turbocharged the fortunes of several tech titans, including Larry Ellison, Jeff Bezos, Michael Dell, Larry Page, and Sergey Brin. The eight tech leaders collectively gained over $600 billion this year, accounting for nearly half of the total $1.5 trillion increase among the 500 richest individuals tracked by Bloomberg.
Source: https://www.bloomberg.com/news/articles/2024-12-31/world-s-500-richest-billionaires-surpassed-10-trillion-in-wealth-in-2024