Elon Musk Leads World's Richest in 2023 with $95.4 Billion Gain

Despite challenges at X, Musk's wealth surged due to Tesla's impressive performance, contributing to the $1.5 trillion total gain of the world's 500 richest people.

• Elon Musk, CEO of Tesla and SpaceX, led the world's richest people in wealth gains in 2023, with his fortune growing by $95.4 billion to a total of $232 billion.
• Tech sector's growth, particularly in artificial intelligence, significantly contributed to the wealth increase of billionaires, with the world's 500 richest people gaining a combined $1.5 trillion in 2023.
• Despite facing issues at X, formerly known as Twitter, Musk's wealth grew primarily due to his 12.95% stake in Tesla, which saw a 134.21% year-to-date gain.
• Other notable billionaires such as Mark Zuckerberg, Jeff Bezos, and Steve Ballmer also saw significant wealth increases in 2023.
• Francoise Bettencourt Meyers, heir to the French beauty brand L’Oreal, became the first woman to amass a $100 billion fortune.

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