(VOVWORLD) - The huge rise in the value of technology stocks in 2024 has vastly increased the wealth of the world's 500 richest people, according to the latest Bloomberg Billionaires Index.
 Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.(Photo: Reuters) |
For the first time, the combined wealth of the super-super rich at one stage hit more than 10 trillion USD the Bloomberg index revealed.
Tesla CEO Elon Musk, Meta CEO Mark Zuckerberg and Nvidia co-founder Jensen Huang headed the list of billionaires with Musk seeing the highest gain of the years.
The rise in the value of Musk’s companies, including Tesla Inc, SpaceX and xAI, left him with a personal fortune of 442.1 billion USD, making him the first to ever surpass the 400 billion mark.
In second place was Meta CEO Mark Zuckerberg, who managed to make an additional 81 billion USD in 2024 as his company’s shares rose by almost 70% over the year.
Nvidia CEO Jensen Huang added 76 billion USD to his individual wealth on the back of gains from the AI boom. Nvidia's share value nearly tripled over the year, becoming at one stage, the world's most valuable company.
According to Bloomberg, the wealth of these billionaires is similar to last year's combined gross domestic products of Germany, Japan and Australia.