PANews December 31 News, according to foreign media reports, the billionaire index of institutions shows that the collective wealth of the world’s top 500 richest people has increased by a record $2.2 trillion this year. All markets, from stocks to cryptocurrencies to precious metals, are booming, causing their asset values to soar. This wealth growth has brought their total net worth to $11.9 trillion. Among them, technology giants led the way, with the frenzy over artificial intelligence continuing to boost large-cap US stocks. Of all the wealth growth recorded by the Institutional Wealth Index, about a quarter comes from 8 individuals, including Oracle (ORCL.N) Chairman Larry Ellison, Tesla (TSLA.O) CEO Elon Musk, Alphabet (GOOG.O) co-founder Larry Page, and Amazon (AMZN.O) founder Jeff Bezos. However, it is worth noting that this contribution is smaller than last year, when these 8 billionaires contributed 43% of the total gains.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The world's wealthiest person has increased their wealth by a record $2.2 trillion this year.
PANews December 31 News, according to foreign media reports, the billionaire index of institutions shows that the collective wealth of the world’s top 500 richest people has increased by a record $2.2 trillion this year. All markets, from stocks to cryptocurrencies to precious metals, are booming, causing their asset values to soar. This wealth growth has brought their total net worth to $11.9 trillion. Among them, technology giants led the way, with the frenzy over artificial intelligence continuing to boost large-cap US stocks. Of all the wealth growth recorded by the Institutional Wealth Index, about a quarter comes from 8 individuals, including Oracle (ORCL.N) Chairman Larry Ellison, Tesla (TSLA.O) CEO Elon Musk, Alphabet (GOOG.O) co-founder Larry Page, and Amazon (AMZN.O) founder Jeff Bezos. However, it is worth noting that this contribution is smaller than last year, when these 8 billionaires contributed 43% of the total gains.