Ten individuals have collectively increased their wealth by $585 billion this year, surpassing the market value of major companies such as Exxon Mobil and Mastercard.
Leading the wealth gains are Tesla CEO Elon Musk, Oracle chairman Larry Ellison, Nvidia CEO Jensen Huang, and Meta CEO Mark Zuckerberg, as reported by the Bloomberg Billionaires Index.
Elon Musk's fortune grew by $119 billion, equating to the net worth of Michael Dell. His total wealth now stands at $348 billion.
Larry Ellison's net worth rose by $83 billion due to an 82% surge in Oracle's stock, driven by its role in AI cloud data centers.
Jensen Huang's wealth increased by nearly $80 billion as Nvidia's stock soared 187%, making it the world's most valuable company at $3.5 trillion.
Mark Zuckerberg added approximately $70 billion to his wealth, propelled by a 58% rise in Meta's stock, fueled by investor confidence in AI and the metaverse.
Other notable gains include Michael Dell, Jim Walton, Alice Walton, Rob Walton, and Thomas Peterffy, each benefiting from stock price increases in their respective companies.