The wealth of the world’s richest swelled by 600 billion dollars this year – Elon Musk is in a class of his own

Present the year has been favorable for the world’s richest.

The combined value of the ten richest assets increased by approximately 598 billion dollars this year, according to the news agency From Bloomberg’s billionaire index. One dollar corresponds to approximately 0.96 euros.

The single most significant reason for the prosperity of the richest is the noticeable increase in the price of shares. The world’s most important stock index, the S&P 500, has strengthened by almost 27 percent this year.

The estimated net worth of the ten richest people is now $2.1 trillion.

1. Elon Musk, net worth $474 billion

The CEO of Tesla, which manufactures electric cars, is the richest person in the world. The value of his fortune has increased by 245 billion dollars this year.

Musk owns 13 percent of Tesla shares. The company’s share price has risen by 86 percent this year.

In addition to Tesla, Musk owns 42 percent of the space company Space X, which is valued at $350 billion based on the funding it has acquired.

According to Bloomberg, Musk also owns 79 percent of software company X, formerly Twitter, whose best-known product is a messaging service.

2. Jeff Bezos, worth $248 billion

The wealth of the founder and chairman of the board of the online store Amazon has increased by 70.7 billion dollars this year. In addition to online shopping, Amazon sells e.g. cloud services and owns a significant share of the grocery store chain Whole Foods.

According to Bloomberg, Bezos owns just under nine percent of Amazon. In 2013, he bought the American newspaper Washington Post.

3. Mark Zuckerberg, worth $215 billion

The value of the assets of the founder and CEO of the software company Meta has grown by 86.8 billion dollars this year.

Meta owns the community service Facebook, which according to Bloomberg has three billion monthly active users. Zuckerberg owns 13 percent of Meta’s shares.

4. Larry Ellison, net worth $193 billion

The fortune of the founder and chairman of the board of the software company Oracle has increased by 70.5 billion dollars this year. Ellison owns 42 percent of the company’s shares.

Ellison is known for his extravagant lifestyle. According to Bloomberg, he also owns 1.4 percent of Tesla’s shareholders.

5. Bernard Arnault, worth $176 billion

The chairman of the board of the luxury goods manufacturer Moët Hennessy Louis Vuitton (LVMH) is the only European among the ten richest.

According to Bloomberg, Arnault owns 48 percent of the company’s shares. The value of his fortune has shrunk by $31.8 billion this year.

Arnault has a large art collection, which includes, for example Jean-Michel Basquiat’n, Damien Hirstin, Maurizio Cattelanin, Andy Warholin and Pablo Picasso works.

6. Larry Page, net worth $174 billion

The value of the founder of the software company Google has increased by 47.4 billion dollars this year.

In 2015, the listed company’s name was changed to Alphabet, whose share value has increased by 40 percent this year. The company’s market value is 2,400 billion dollars. Page owns approximately six percent of the company’s shares.

7. Sergey Brin, worth $163 billion

Brin is the co-founder of Google. According to Bloomberg, the value of his fortune has increased by 43.5 billion dollars this year.

Most of Brin’s assets are shares in Google’s parent company, Alphabet.

8. Bill Gates, worth $161 billion

The value of the founder of the software company Microsoft has increased by 20.5 billion dollars this year. His investment company Cascade Investment has investments in dozens of listed companies.

Bill yes Melinda Gatesin the foundation is the world’s largest funder of charity.

9. Steve Ballmer, net worth $152 billion

According to Bloomberg, the former CEO of Microsoft, who owns about four percent of the company’s shares, has increased his wealth by 21.4 billion dollars this year.

In Finland, Ballmer is especially known for the fact that, largely on his initiative, the company bought Nokia’s heavily loss-making phone business in 2014.

Ballmer also owns the Los Angeles Clippers basketball team.

10. Warren Buffet, worth $143 billion

The major investor’s property is in the investment company Berkshire Hathaway, of which he is the largest shareholder and chairman of the board. According to Bloomberg, Buffett owns more than 37 percent of the company’s shares.

Berkshire Hathaway has invested capital in very different companies, from Coca-Cola to the financial company American Express, the ice cream bar chain Dairy Queen and the insurance company Geico.