The 500 richest people in the world have significantly increased their wealth, collectively exceeding $10 trillion in 2024. The driver of the increase in profits was the growth in stocks of American technology companies. Topping the list of the biggest winners thanks to the ups and downs of the financial market are Elon Musk, Mark Zuckerberg and Jensen Huang.
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The top eight of the top 500, which in addition to the top three also included Larry Ellison, Jeff Bezos, Michael Dell, Larry Page and Sergey Brin, together earned more than $600 billion, representing 43% of the total increase. . of 1.5 trillion dollars among the 500 most important billionaires in the Bloomberg index.
The richest billionaire, Elon Musk, increased his fortune by $213 billion in 2024, to $442.1 billion. They separate him from Jeff Bezos in second place by an unprecedented $237 billion.
In addition to the rise in S&P 500 stocks, profits were also boosted by Donald Trump’s victory: in the five weeks after the election, the billionaires represented in the index earned a total of $505 billion, that is, 34% of total annual income.
Among those who increased their wealth the most in 2024, Bloomberg analysts name Trump himself (his company DJT, part of Trump Media & Technology Group Corp., grew 95% and is valued at $7 billion), the CEO of Nvidia, Jensen Huang (his fortune increased by $76 billion), Mark Zuckerberg (despite a record fine of $841 million from the EU antitrust authority, his fortune increased by 81 billion dollars) and etc.
But there were also those who suffered losses last year. They include French luxury goods billionaires (Bernard Arnault, Françoise Bettencourt Meyers and François Pinault), Latin American tycoons Ricardo Salinas and Carlos Slim and Vietnamese billionaire Pham Nhat Vuong.
Of the Chinese oligarchs, Temu CEO Colin Huang was the most surprising: he started the year as China’s richest man, but ended with an $18 billion loss (his company’s shares fell 29% in one day).
If we talk about Russians, in 2024, the 25 richest businessmen in the Russian Federation, included in the Bloomberg Top 500, collectively increased their wealth by $18.465 billion, to $347.62 billion.
NLMK beneficiary Vladimir Lisin had the most successful year (+5 billion dollars), although in terms of wealth he is inferior to Vladimir Potanin (he is still the richest Russian in the top 500, although he increased his wealth by only 736 million dollars last year). ). In third place is Vagit Alekperov (+$2.59 billion).
Author:
Ekaterina Alipova
Source: RB

I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.