Posted on 12/21/2024 9:40:39 PM PST by SmokingJoe
It was a great year for billionaires. Especially these fortunate few, who together got more than $700 billion richer.
It’s been an astounding year for billionaires, with more than half of the planet’s 2,800-plus members of the three-comma club getting richer in 2024 as markets soared—some by billions and even tens of billions of dollars.
This year’s top ten billionaire gainers increased their collective wealth by $730 billion, through December 13, according to Forbes’ estimates. Elon Musk, the world’s richest person, got the richest: He became the first person to pass the $400 billion mark after his rocket company SpaceX was valued at $350 billion. Musk, 2022’s biggest loser, has bounced back in a big way, gaining more wealth than anyone on the planet in both 2023 and 2024.
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1. Elon Musk
Source of wealth: Tesla, SpaceX
Net worth: $439 bil (+$188.1 bil in 2024)
Musk made history earlier this month, when his net worth rocketed past the $400 billion mark, a feat never before recorded by Forbes in its nearly four decades of tracking the world’s billionaires. He’s closing 2024 a staggering $188 billion richer than he began it (a sum that itself would rank as the world’s fifth-biggest fortune). Shares of his electric vehicle-maker Tesla are up more than 68% in 2024; his artificial intelligence startup xAI raised money at a reported $50 billion valuation in November; and earlier this month, his rocket company SpaceX bought back insiders’ shares in a deal that valued the company at $350 billion––a more than 60% increase from SpaceX’s previous tender offer, which valued the company at $210 billion earlier this year. SpaceX is now the most valuable private company in the world. Meanwhile, Musk’s political influence has grown, too.
(Excerpt) Read more at forbes.com ...
I can’t read the article without paying money to subscribe. (And I already knew who would lead the list - it’s the others on it I would be interested in, and that info isn’t included in your excerpt or comment.)
You can read it without paying subscriptions.
I never paid subscriptions and I’m reading it.
So....who are # 2 and # 3?
Do tell.
Who cares. Im no millionaire but…. I have a great life. My wife ,my kids? Whats more fulfilling? That is what is most important.
BranDUHnomics at work!
3. Larry Ellison Net worth: $218.3 bil (+$84.5 bil)
Well, when I try to read the article, the following pops up and covers the article:
“Subscribe to read this article. Unlock one year of trusted journalism that empowers your journey and fuels your curiosity, passion, and ambition for just $49.99..”
Maybe others can read it, but I can’t. Can you list the other billionaires on the list?
Except for those that funded the Rats
That is a healthy perspective. It’s a shame more people do not get it, but why bother telling them how to live when they have it all miserably figured out?
Democrats are the party of Billionaires.
I had the same issue.
Use the reader view. It works in many cases.
Reader view:
3. Larry Ellison
Source of wealth: Software
Net worth: $218.3 bil (+$84.5 bil)
The Oracle chairman, chief technology officer and cofounder briefly became the second-richest person in the world multiple times in September as shares of Oracle and Jeff Bezos’ Amazon ebbed and flowed. He’s now some $30 billion behind Bezos, but remains one of the year’s biggest gainers, up nearly $86 billion in 2024. Oracle stock, buoyed by investor enthusiasm for AI, is up more than 68%; Ellison owns some 1.1 billion shares.
4. Jensen Huang
Source of wealth: Nvidia
Net worth: $117.2 bil (+ $74.3 bil)
Huang owns about 3% of graphics-chip designer Nvidia, which he founded in 1993 and has run as CEO and president since. Huang—who has the Nvidia logo tattooed on his arm—vaulted into the world’s top 10 richest people for the first time this year, as shares of the AI darling have jumped by 185%.
5. Jeff Bezos
Source of wealth: Amazon
Net worth: $241.2 bil (+$68.9 bil)
Bezos founded e-commerce colossus Amazon out of his Seattle garage in 1994. Now the second-richest person in the world, he’s close to $70 billion richer this year thanks to a 53% rise in Amazon stock. He’s been selling high, unloading $13.6 billion of his shares so far in 2024—more than any other U.S. billionaire. And, thanks to his move to Florida, he likely saved an estimated $1 billion in taxes from the sales.
6. Michael Dell
Source of wealth: Dell Technologies, Broadcom
Net worth: $115.3 bil (+$46.6 bil)
Dell briefly joined the world’s top ten richest people this month thanks to a bump in Broadcom stock. Dell owns an estimated 210 million shares of the company, due to the 2023 deal to merge VMWare, previously spun out of Dell Technologies, with AI chipmaker Broadcom. Shares of Dell Technologies are up, too, by more than 50%.
7. Rob Walton
Source of wealth: Walmart
Net worth: $112.5 bil (+$46.5 bil)
8. Jim Walton
Source of wealth: Walmart
Net worth: $111.3 bil (+$44.5 bil)
9. Alice Walton
Source of wealth: Walmart
Net worth: $103.5 bil (+$41.7 bil)
The three children of Walmart cofounder Sam Walton (d. 1992) and his other heirs collectively own around 45% of the retailing giant’s stock. That’s made for a great 2024 for the trio, given that Walmart stock has climbed by nearly 80%, as e-commerce sales rose and consumer item prices dipped. Rob, the eldest, retired as chairman in 2015; Jim runs the family’s Arvest Bank and sat on the Walmart board until 2016. Alice, Sam’s only daughter, overtook L’Oreal heir Francoise Bettencourt Meyers in September to become the world’s wealthiest woman.
10. Larry Page
Source of wealth: Google
Net worth: $156.6 billion (+$40.5 bil)
Page, who cofounded Google with fellow Stanford Ph.D. candidate Sergey Brin in 1998, now serves on the board of Google-parent Alphabet and is a controlling shareholder. Despite Google facing a U.S. Department of Justice recommendation to break up the company due to antitrust concerns, shares of Alphabet climbed by more than 30% this year, adding $40 billion to Page’s fortune.
This is just a fact of wise investing.
The first 100k is hard.
As long as you don’t waste $$$ on pointless ventures and you don’t get greedy you will prosper.
Remember Sean Hannity's remark "I was never offered a job by a poor man"
And for my family.
The portfolio grew more in the last month than in many whole years.
I’m not a millionaire nor billionaire
The change is all on paper - what the market says some stock value is today. Without selling the stock, it is just a paper increase.
At least Musk’s projects actually produce real wealth for America not like the electronic wealth that billionaires who own Meta and Google produce.
USE 12FTLADER
I did.
https://12ft.io/proxy
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