Top 10 Billionaires Who Got Richer in 2023

Top 10 Billionaires Who

Got Richer in 2023

Introduction

In 2023, many billionaires became even richer than before. The stock markets were doing well, and more than half of the world’s billionaires saw their wealth increase. Some of them gained billions, tens of billions, and even over $100 billion! Let’s take a look at the top 10 billionaires who gained the most wealth in 2023.

The Tech Billionaires

Out of the top 10, seven billionaires come from the technology industry. In 2023, the tech industry had a great comeback. The Nasdaq Composite, which is a stock market index that includes many tech companies, went up by 42%. This was much higher than the broader S&P 500 index, which only rose by 23%. The tech giants like Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta saw their shares skyrocket, making their billionaire owners even wealthier.

1. Elon Musk

Elon Musk, the CEO of Tesla and SpaceX, gained the most wealth in 2023. He started the year as the second richest person in the world but ended up on top. Musk’s net worth increased by over $108 billion! Tesla’s stock did well, going up by more than 100%. SpaceX, Musk’s rocket company, also had a fantastic year with over 90 successful launches. It is now valued at $150 billion and might be worth even more in the future.

2. Mark Zuckerberg

Mark Zuckerberg, the founder of Facebook, had a great year too. After a tough 2022, when Facebook’s stock price dropped and the company faced many challenges, things turned around in 2023. Facebook’s parent company, Meta, saw its shares go up by 178%. This made Zuckerberg $74.8 billion richer.

3. Jeff Bezos

Jeff Bezos, the founder of Amazon, is known for his big donations to causes like combating homelessness and climate change. In 2023, Bezos gave away $700 million worth of Amazon stock. Despite this, his net worth increased by $65 billion. Amazon’s stock went up by 79%, and Bezos had many reasons to celebrate, including buying a new super yacht and getting engaged.
4. Prajogo Pangestu

Prajogo Pangestu, an Indonesian businessman, made a fortune in timber and petrochemicals. He took a coal mining business public and listed a renewable energy company on the Indonesian Stock Exchange. The shares of his companies went up by more than 200%, making him $47.9 billion richer.

5. Larry Page

Larry Page, the co-founder of Google, saw his wealth increase by $34.4 billion. Google’s parent company, Alphabet, had a good year with its stock going up by 50%. Investors are excited about Alphabet’s upcoming AI software called Gemini, which will be launched in 2024.

6. Amancio Ortega

Amancio Ortega, the founder of Zara, a popular fashion retailer, had a successful year. The shares of his company, Inditex, went up by 57%. Zara’s strong demand and record profits contributed to Ortega’s $33.2 billion increase in wealth.

7. Sergey Brin

Sergey Brin, the co-founder of Google, returned to a more active role in the company in 2023. He worked on Google’s AI efforts and saw his net worth increase by $33 billion. Google’s parent company, Alphabet, had a great year, and Brin played a part in its success.

8. Steve Ballmer

Steve Ballmer, the former CEO of Microsoft, had a good year with his investments. The Los Angeles Clippers, an NBA team that Ballmer owns,

“African Billionaires’ Current Internet Price Declines”

increased in value by 19%. Microsoft’s stock also went up by 55% thanks to its investment in Chat GPT developer OpenAI, which is worth $10 billion.
9. Larry Ellison

 

Larry Ellison, the co-founder of Oracle, saw his wealth increase by $30.8 billion. Oracle’s shares went up by 26% due to the high demand for its data center services, which are powered by generative AI technology.

10. Jensen Huang

Jensen Huang, the CEO of Nvidia, had a fantastic year. Nvidia designs chips used in artificial intelligence systems, and its stock went up by more than 230%. This made Huang $29.8 billion richer, and he is now one of the 20 richest Americans.

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