Categories: Techno

2024, the year when the richest saw their fortunes skyrocket

Spread the love

© Chansak Joe/Shutterstock.com

In 2024, the total value of the fortunes of the 500 richest people on the planet, tracked by the Bloomberg Billionaire Index, hit a new record high, crossing the $10 trillion mark on December 11 before falling slightly to $9.8 trillion on the closing on Wall Street, December 30.

This increase is mainly attributed to the increase in the stock values ​​of American technology companies. The combined fortunes of Elon Musk, Mark Zuckerberg, Jensen Huang (Nvidia), Larry Ellison (Oracle), Jeff Bezos, Larry Page and Sergey Brin (the founders of Google) have increased by more than $600 billion. According to Bloomberg, this represents 43% of the $1.5 trillion increase in the combined fortunes of the Top 500.

The fortune that increased the most in 2024 is that of Elon Musk, who is still the richest person on the planet. Thanks to the increase in the values ​​of Tesla, SpaceX and xAI, he saw his fortune increase from $213 billion at the beginning of the year to $442.1 billion at the end of the year. And on December 17, the gap between the richest person on the planet and the second richest person (Jeff Bezos) was $237 billion, a record.

200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000

Winners and losers

More generally, Bloomberg points out that in 2024, the S&P 500 gained 24%, boosted by big tech companies like Tesla, Nvidia, Meta, etc. The index also saw a sharp rise after the announcement of Donald Trump's victory in the US presidential election. Bloomberg also mentions an increase in the fortunes of Chinese billionaires, such as Pony Ma, CEO of Tencent, or Lei Jun, president of Xiaomi.

On the other hand, the year 2024 was less good for French luxury billionaires. The American agency explains that after years of growth driven by the pandemic, the luxury market has experienced a slowdown.

  • In 2024, the total value of the fortunes of the 500 richest people on the planet exceeded $10 trillion
  • This increase is largely attributed to a breakthrough by technology companies
  • Elon Musk's fortune increased from $213 billion at the start of the year to $442.1 billion at the end of the year

📍 To not miss any Presse-citron news, follow us on Google News and WhatsApp.

[ ]

Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116

Recent Posts

Une ministre en Aveyron, le miraculé de 2025, la comète dans le ciel gardois… l’essentiel de l’actu en région

L'essentiel de l'information en région chaque soir sur Midilibre.fr Midi Libre Chaque soir à 20…

41 minutes ago

Récit d’une matinée mouvementée à Saint-Affrique pour la venue du directeur de l’ARS

Didier Jaffre (à gauche) a été accueilli par 350 manifestants. Midi libre - J.-M. C.…

41 minutes ago

Demi Moore, Zendaya, Angelina Jolie… The most breathtaking dresses of the Golden Globes 2025 (Photos)

The stars dressed up for the 2025 Golden Globes ceremony. Discover the most beautiful looks…

41 minutes ago

Pascal Bataille suffering from cancer: this proposal for his treatment that he refused

Guest on the show "Chez Jordan" on Monday, January 6, 2025, Pascal Bataille confided in…

41 minutes ago

Nîmes Olympique: Amara is (im)patient, Delpech will not go to Le Mans, the sick are back, the young people are still there, the echoes of the Crocos

Abdelmalek Amara worked physically apart from the group, this Monday, January 6, at La Bastide.…

41 minutes ago

Charlie Hebdo and Hyper Cacher attacks: ten years later, tributes and remembrances throughout the country

Hommage à Charlie Hebdo sur la façade de l'Hôtel de Région, à Montpellier - Y.H./Région…

41 minutes ago