The world’s top 500 richest people have a net worth of $10 trillion… #1 Musk, wealth doubled

by times news cr

Thanks to the artificial intelligence (AI) boom and stock market rally, the net worth of the world’s 500 richest people was calculated to have reached a total of $10 trillion last year. This is similar to the combined gross domestic product (GDP) of Germany, Japan, and Australia in 2023.

On the 31st (local time), Bloomberg News reported that the total net assets of the world’s 500 richest people reached $9.8 trillion (about KRW 1.4423 trillion), citing the Bloomberg Billionaire Index as of the previous day. It is a slight decrease from the $10.1 trillion (about KRW 1.4865 trillion) recorded on the 11th of last month, but it is still a high figure.

[뉴욕=AP/뉴시스] Tesla CEO Elon Musk attends the campaign rally of Republican presidential candidate former President Donald Trump held at Madison Square Garden in New York, USA on the 27th (local time) and appeals for support for Trump. 2024.10.28.

In particular, the total increase in their net assets last year was $1.5 trillion (approximately 2,207 trillion won), accounting for eight rich people in the American technology industry, including Tesla CEO Elon Musk, Metaplatform CEO Mark Zuckerberg, and Nvidia CEO Jensen Huang. It reached 43%. Among these, the increase in assets of Musk, who benefited from US President-elect Donald Trump’s presidential election victory, was notable. As of the 31st of last month, Musk’s net assets were $432 billion (about 635 trillion won), an increase of $203 billion (about 298 trillion won) compared to the end of the previous year.

The world’s top 500 richest people have a net worth of  trillion… #1 Musk, wealth doubled

Second place is Amazon founder Jeff Bezos (USD 239 billion, approximately KRW 351 trillion), third place is Zuckerberg (USD 27 billion, approximately KRW 304 trillion), and fourth place is Oracle Chairman Larry Ellison (USD 192 billion, approximately KRW 282 billion). Cho Won).

Jensen Huang, who benefited from the AI ​​boom and increased his net worth by $70.3 billion (about 103 trillion won) in one year, ranked 12th with a net worth of $114 billion. President-elect Trump’s net worth rose 109% from the previous year, ranking 471st with $6.47 billion. Bloomberg explained, “The rise in the president-elect’s assets was fueled by the rise in the stock price of ‘Truth Social’s’ parent company (Trump Media).”

In addition, as the price of Bitcoin exceeded $100,000 for the first time since President-elect Trump’s presidential election victory, the assets of people in the virtual currency industry also increased significantly. Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, ranked 25th with his net worth increasing by 55% to $53.3 billion (about 78.4 trillion won).

Samsung Electronics Chairman Lee Jae-yong. 2024.10.08. Singapore = Newsis

Samsung Electronics Chairman Lee Jae-yong. 2024.10.08. Singapore = Newsis

In Korea, Samsung Electronics Chairman Lee Jae-yong ranked 331st with $8.46 billion (about 12.4 trillion won), and Meritz Financial Group Chairman Cho Jung-ho ranked 408th with $7.16 billion (about 10.5 trillion won). The stock price of Samsung Electronics, No. 1 in Korea’s market capitalization, fell 32.23% during the year, and Chairman Lee’s net assets decreased by 14.4% (USD 1.42 billion, approximately KRW 2 trillion) during the year, according to Bloomberg.

Reporter Kim Bora [email protected]

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