The world’s top 20 billionaires saw their combined wealth surge by over $700 billion last year, boosting their total net worth to above $3 trillion, according to Bloomberg’s estimates. This significant gain puts the richest individuals just shy of Microsoft’s $3.1 trillion market value. Notably, Tesla CEO Elon Musk led the pack with a $203 billion gain, lifting his personal fortune to $432 billion. Other tech heavyweights like Mark Zuckerberg and Jensen Huang also scored substantial wealth gains, with values increasing by $60-80 billion for each. The AI boom, Federal Reserve interest rate cuts, and Donald Trump’s election victory all contributed to the surge in stock markets, benefiting investors who bet on companies playing key roles in the AI revolution.
Source: https://www.businessinsider.com/rich-list-musk-bezos-zuckerberg-ellison-wealth-billionaires-ai-stocks-2025-1