Overview
- The combined net worth of the richest 500 reached $11.9 trillion, according to the Bloomberg Billionaires Index.
- Roughly a quarter of the total increase came from eight individuals, including Elon Musk, Jeff Bezos, Larry Ellison and Larry Page.
- Bloomberg linked the gains to broad market surges in digital assets, stocks and metals following a risk-on shift after the 2024 election.
- Elon Musk’s fortune rose by $190.3 billion to $622.7 billion, while Larry Ellison added $57.7 billion to reach $249.8 billion.
- Results diverged widely as Australia’s Gina Rinehart nearly tripled her wealth to $37.7 billion through rare-earths exposure, whereas Philippine tycoon Manuel Villar lost $12.6 billion after an 80% plunge in Golden MV Holdings shares.