Top 10 US Billionaires Whose Fortunes Soared with the Stock Market

In a year where the stock market has soared, with the S&P 500 climbing over 20% and the Nasdaq 100 up by more than 50%, United States billionaires have witnessed a massive surge in their financial holdings. The substantial upturn in the market, especially in technology-based shares, has played a crucial role in this wealth increase. Notably, a significant number of billionaires possess substantial stakes in these thriving tech corporations.

The Tech Titans Leading the Pack

Tech moguls like Elon Musk of Tesla and Mark Zuckerberg of Meta Platforms have seen their wealth exponentially increase due to their substantial company shares. The ten wealthiest billionaires in the US, who have predominantly invested in tech, have experienced a profound augmentation in their fortunes.

According to the latest figures reported by Bloomberg's Billionaire Index, just ten of these magnates have accumulated an additional $456 billion to their existing wealth in the year to date. Such a windfall is indicative of the very buoyant nature of the stock markets currently.

A Glance at the Affluent Top Ten

Starting with Michael Dell of Dell Technologies, holding a net worth of $70 billion and witnessing a gain of $21.5 billion, to Bill Gates of Microsoft, who's net worth reached $134 billion with a gain of $25 billion this year. Jensen Huang from Nvidia saw a $27.6 billion increase, concluding at a net worth of $41.4 billion.

Next, Oracle's Larry Ellison enjoyed a bump of $36.1 billion, garnering a total net worth of $128 billion, while Alphabet's duo Sergey Brin and Larry Page gained $37.9 billion and $40.7 billion respectively. Former Microsoft CEO Steve Ballmer is now worth $128 billion with a gain of $42.2 billion.

Amazon’s Jeff Bezos bolstered his fortune by $64.1 billion, achieving a net worth of $171 billion. Meta Platforms’ Mark Zuckerberg is up $72.7 billion with a net worth of $118 billion. Topping the chart is Tesla's Elon Musk, whose wealth skyrocketed by $87.8 billion, hitting a staggering net worth of $225 billion.

billionaires, growth, stocks