The 500 billionaires on the Bloomberg Billionaires Index added $1.5 trillion in net worth in 2023, fully recovering $1.4 trillion lost last year.
Their fortunes surged due to the strong performance of tech stocks despite elevated inflation, recession fears, high interest rates, and increasing war risks worldwide.
Elon Musk reclaimed the title of the world’s richest person, surpassing French luxury Bernard Arnault, CEO of luxury-goods conglomerate LVMH. Musk is set to end the year with a net worth of $232.4 billion, a $95.4 billion increase year-to-date. His net worth is closely tied to the performance of Tesla shares, which are up more than 100% this year.
Arnault is next on the list as the second wealthiest person in the world, with a net worth of $179 billion. Amazon’s Jeff Bezos is number three with a net worth of $178.3 billion, and Bill Gates number four at $140.5 billion. Despite Arnault’s net […]
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