The five hundred billionaires on the Bloomberg Billionaires Index added $1.5 trillion in web value in 2023, absolutely recovering $1.4 trillion misplaced final yr.
Their fortunes surged because of the sturdy efficiency of tech shares regardless of elevated inflation, recession fears, excessive rates of interest, and growing conflict dangers worldwide.
Elon Musk reclaimed the title of the world’s richest individual, surpassing Bernard Arnault, French CEO of luxury-goods conglomerate LVMH. Musk is about to finish the yr with a web value of $232.4 billion, a $95.4 billion improve year-to-date. His web value is carefully tied to the efficiency of Tesla shares, that are up greater than 100% this yr.
Arnault is subsequent on the record because the second wealthiest individual on the planet, with a web value of $179 billion. Amazon’s Jeff Bezos is quantity three with a web value of $178.3 billion, and Invoice Gates quantity 4 at $140.5 billion.