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From Jensen Huang to Elon Musk: The biggest wealth gainers of 2024 have added $585 billion to their fortunes

Nov 29, 2024 - fortune.com
The article discusses the significant increase in wealth experienced by billionaires in 2024, largely due to the boom in artificial intelligence (AI). Elon Musk, the world's richest man, saw his fortune increase by $119 billion due to the growth of Tesla and his bet on Trump's election. Larry Ellison, founder of Oracle, saw his net worth grow by $83.2 billion as Oracle's stock price spiked by more than 83%. Nvidia CEO Jensen Huang's net worth increased by $80 billion as Nvidia's share price rose by approximately 185%.

Other billionaires who saw significant wealth gains include Mark Zuckerberg, whose net worth grew to $70 billion due to the AI boom and Meta's exploration of emerging technology. Amazon founder Jeff Bezos saw his net worth increase by almost $42 billion, while Michael Dell's net worth jumped to $41 billion as Dell pivoted towards AI. The Walton siblings, heirs to the Walmart empire, also saw their fortunes grow, as did Thomas Peterffy, chairman of Interactive Brokers.

Key takeaways:

  • Elon Musk, Larry Ellison, and Jensen Huang have seen the largest increases in their net worth in 2024, with Musk leading the pack with an increase of $119 billion.
  • Oracle founder Larry Ellison's net worth has grown by $83.2 billion, reflecting Oracle's more than 83% stock price spike in 2024.
  • Nvidia CEO Jensen Huang's net worth has leaped by $80 billion this year, with Nvidia's share price increasing approximately 185%.
  • Other major wealth gainers include Mark Zuckerberg, Jeff Bezos, Michael Dell, the Walton siblings, and Thomas Peterffy, with their net worths increasing significantly due to various factors such as AI boom and consumer spending.
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