"Much of the gains came from Oracle founder Larry Ellison, Elon Musk of Tesla Inc. (NASDAQ: TSLA), Alphabet Inc. (NASDAQ: GOOGL) co-founder Larry Page, and Amazon founder Jeff Bezos. The data show the extent to which big tech market caps have benefited from the phenomenal rise in artificial intelligence (AI). Experts consider it the largest advance in the history of technology."
"He owns 15% of electric vehicle maker Tesla, which has a market cap of $1.51 trillion. Then there is his 44% of SpaceX, which has a value of $800 billion. He also owns 50% of xAI, which is a merger of social media company X (formerly Twitter) and Musk's AI software giant. Valuing xAI is difficult due to its debt burden, but the generally accepted figure is $80 billion."
"The value of Tesla is founded on Musk's argument that it is not a car company. Rather, its market cap is based on its AI, self-driving car, and robotics operations. A look at a single company reveals how much billionaire net worth can increase due to stock prices. The stock price of Alphabet is up 65% this year, and its market cap is $3.8 trillion."
The combined net worth of the 500 Bloomberg billionaires rose $2.2 trillion in 2025 to $11.9 trillion, exceeding the combined GDPs of Germany and Japan. Large gains were concentrated among big-tech founders including Larry Ellison, Elon Musk, Larry Page, and Jeff Bezos as AI-driven market caps surged. Experts call AI the largest technological advance and warn of a potential valuation bubble that could reverse gains. Elon Musk reached $632 billion, gaining $190 billion in 2025, fueled by stakes in Tesla, SpaceX, and xAI. Alphabet’s stock jumped 65% this year to a $3.8 trillion market cap.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]