The richest people on the planet saw their fortunes surge in 2024 as the artificial intelligence boom, the Federal Reserve's interest rate cuts, Donald Trump's election victory, and a robust economic outlook helped the stock market to roar.
Tesla and SpaceX CEO Elon Musk led the pack with a $203 billion gain for the year, which lifted his personal fortune to $432 billion at the market close on December 31.
Meta CEO Mark Zuckerberg, Nvidia boss Jensen Huang, Oracle cofounder Larry Ellison, and Bezos all grew between $60 billion and $80 billion wealthier as their respective companies surged in value.
However, Musk wasn't the only one to notch huge wealth gains in 2024. Tech leaders accounted for most of the wealth gains, with notable contributions from Michael Dell and Google cofounders.
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