AI boom: US big techs increase wealth by over 550 billion, Musk in the lead

American managers operating in the technology sector can rightly say that if not lucky, then certainly satisfied this year, having recorded an increase in their overall net worth of more than550 billion dollars. It is the effect of the investor frenzy towards the main artificial intelligence companies. According to Bloomberg data, at the close of trading in New York on Christmas Eve, the top 10 founders and CEOs of U.S. technology companies owned nearly2 and a half billion dollars in cash, stocks and other investments. The figure is up from $1.9 trillion earlier this year and comes as the S&P 500 index rose more than 18%.

At the top of the ranking,Elon Muskwith a net worth that has increased by almost 50% to645 billion dollars.

The boom of artificial intelligence and speculation

Silicon Valley leaders have profited from floods of money spent globally on chips, data centers and artificial intelligence products, according to data reported by the Financial Times, although some of their earnings have been reduced in recent months due to concerns about aspeculative bubblefueled by investments in artificial intelligence. “These are speculations related to the success of artificial intelligence,” said Jason Furman, an economics professor at Harvard University and an advisor to the start-upOpenAI. “There’s a huge question mark over whether this will pay off, but investors are betting that it will.”Elon Muskremains at the top of the list with a net worth that has increased by almost 50% to645 billion dollarshaving only briefly lost the position in September, when the founder ofOracle Larry Ellisonhe surpassed it. The billionaire’s wealth has soared in a year since he landed a deal from1 trillion dollarswith the shareholders ofTeslaand the valuation of his space companySpaceX è salita a 800 billion dollars.

The other billionaires in the ranking

In second place, after Musk, is placedLarry Pagewho left his role as CEO ofAlphabetin 2019 but remaining the controlling shareholder and member of the board of directors, which has assets of270 billion dollars. In third placeJeff Bezos con 255 billion dollars. The CEO ofAmazonit was then recently detached fromSergey Brin(co-founder with Page ofGoogle) con 251 billion dollars.

Jensen Huang and the success of Nvidia

Another winner of theartificial intelligence boom è Jensen Huangfounder of the manufacturer ofchip AI Nvidiawhich quickly grew to become the largestlisted company in the world con una market capitalization superiore a 4 trillion dollars. It ranks eighth among thetechnology executivesrichest in the United States with anet worth di 156 billion dollars.

Executive stock sales

From the documents filed with theSecurities and Exchange Commissionit is also clear that Huang sold out this yearactions per un valore superiore a 1 billion dollarsbenefiting from the rise ofNvidiaas a world leader in the production ofadvanced chips for artificial intelligence. AlsoJeff Bezos di Amazonsold this yearactionsfor a value of5.6 billion dollarsmentre Michael Dell ha ceduto actionsfor a value of more2 billion dollarsof his namesake technology company.

Fluctuating performances among the tech giants

The performance was also excellentLarry Ellisonex CEO di Oraclewho saw his net worth skyrocket thanks to the revelation of a deal from300 billion dollarsbetween Oracle and OpenAI for the construction of a data center.Mark Zuckerberg di Metahas fallen in the rankings following the social media site’s recent share price collapse, as investors have grown wary of its large spending on AI infrastructure and salary deals with top AI researchers.Bill Gates di MicrosoftHe was the only member of the list to end the year with a lower net worth than at the start, as he continued to sell his shares of the software giant to fund his philanthropic activities.