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The 10 richest people in the world made a fortune in 2023.
Elon Musk, Jeff Bezos, and Mark Zuckerberg together earned $465.4 billion in a year, which is more than the entire market value of Walmart. What does this mean? It equates to an average of $46.5 billion earned per person per year.
Musk's net worth increased by $9.2 billion, solidifying his position as the world's richest person. Bezos and Zuckerberg saw increases of $69.9 billion and $82.5 billion, respectively. Bill Gates and Buffett also gained over $30 billion each.
This wave of wealth growth is mainly due to the strong performance of the stock market—the S&P 500 index rose by 24% in 2023, with technology stocks particularly strong. The total assets of these 10 individuals now reach $1.47 trillion, which would rank them sixth globally in terms of company valuation.
Interestingly, NVIDIA CEO Jensen Huang has also become a big winner due to the surge in AI chip stock prices. Meanwhile, Indian billionaire Adani has suffered a loss of $36.2 billion due to the impact of a short-selling report.
The wealth disparity is visible to the naked eye.