![]() ![]() The biggest loser of the billionaire club was Gautam Adani, the chairman of Adani Group, an Indian conglomerate with interests in energy, infrastructure, and mining. Some billionaires had a rough ride in 2023, losing billions of dollars due to bad bets, scandals, or short sellers. The two tech titans have even hinted at settling their differences in a cage match, which would surely be a pay-per-view blockbuster.īut not everyone was laughing all the way to the bank. Musk and Zuckerberg have been feuding over their visions for the future of humanity, with Musk advocating for colonizing Mars and Zuckerberg promoting the metaverse. He also extended his lead over his arch-rival Mark Zuckerberg, the CEO of Meta Platforms Inc., who came in second with a $58.9 billion increase. Musk added $96.6 billion to his net worth in the first six months of 2023, more than anyone else on the planet. The biggest winner of the billionaire bonanza was none other than Elon Musk, the world's richest person and the CEO of Tesla Inc. Some had a much better time than others, as their fortunes soared or sank depending on their business bets and market moves. The Nasdaq 100 soared 39% to a record high, while the S&P 500 gained 16%.īut not all billionaires are created equal. The tech sector was especially hot, as investors went gaga over artificial intelligence and the metaverse. The massive wealth surge was fueled by a roaring stock market, which shrugged off the threats of inflation, war, and financial turmoil. That's an average of $14 million per day for each billionaire, or enough to buy a private island every week. The world's 500 wealthiest people have added a whopping $852 billion to their bank accounts in the first half of this year, according to the latest Bloomberg Billionaires Index. If you thought 2020 was a good year for the super-rich, wait till you hear about 2023. ![]()
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