12 US billionaires gained almost $1 trillion in wealth in 2024 as the stock market delivered another year of massive returns
The
stock market boom in 2024
made the rich even richer, with US billionaires dominating Bloomberg’s Billionaire Index.
According to the index as of December 30, just 11 American billionaires and one billionaire family gained nearly $1 trillion in wealth. The gains were fueled by a surge in technology stocks, with the Nasdaq 100 finishing the year up about 25%.
The biggest wealth gain came from Tesla CEO Elon Musk, who saw his wealth rise a staggering $213 billion as shares of the electric vehicle maker
soared following Donald Trump’s election win in November.
In fact, the wealth gained by Elon Musk this year alone is nearly equal to the net worth of the world’s second-richest person, Jeff Bezos.
All told, 11 individual billionaires and one family added $841 billion to their total wealth in 2024.
Here are the big winners.
12. Bill Gates
2024 net worth gain:
$19.0 billion
Total net worth:
$160 billion
Source of wealth:
Microsoft
11. Warren Buffett
2024 net worth gain:
$21.8 billion
Total net worth:
$142 billion
Source of wealth:
Berkshire Hathaway
10. Thomas Peterffy
2024 net worth gain:
$28.1 billion
Total net worth:
$53.8 billion
Source of wealth:
Interactive Brokers
9. Sergey Brin
2024 net worth gain:
$40.0 billion
Total net worth:
$160 billion
Source of wealth:
Alphabet
8. Larry Page
2024 net worth gain:
$43.7 billion
Total net worth:
$170 billion
Source of wealth:
Alphabet
7. Michael Dell
2024 net worth gain:
$46.1 billion
Total net worth:
$124 billion
Source of wealth:
Dell Technologies
6. Jeff Bezos
2024 net worth gain:
$63.7 billion
Total net worth:
$241 billion
Source of wealth:
Amazon
5. Larry Ellison
2024 net worth gain:
$70.3 billion
Total net worth:
$193 billion
Source of wealth:
Oracle
4. Jensen Huang
2024 net worth gain:
$76.1 billion
Total net worth:
$120 billion
Source of wealth:
Nvidia
3. Mark Zuckerberg
2024 net worth gain:
$81.2 billion
Total net worth:
$209 billion
Source of wealth:
Meta Platforms
2. The Walton family
2024 net worth gain:
$138 billion
Total net worth:
$388.5 billion
Source of wealth:
Walmart
1. Elon Musk
2024 net worth gain:
$213 billion
Total net worth:
$442 billion
Source of wealth:
Tesla, SpaceX
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