Billionaires Who Gained the Most Wealth in 2024

Most billionaires significantly increased their wealth in 2024, showcasing a remarkable year for some of the world’s wealthiest individuals.

The collective wealth growth was spurred by various factors including advancements in technology, positive economic forecasts, and key political events.

Elon Musk  

The CEO of Tesla and SpaceX saw his wealth surge by an astonishing $188.1 billion, reaching a net worth of $439 billion, thanks to significant gains in Tesla’s stock and successful valuations of his other ventures.

Jeff Bezos  

Founder of Amazon, Bezos’ fortune grew by $68.9 billion, primarily due to a 53% increase in Amazon’s stock price. His strategic asset sales and tax savings from relocating to Florida also contributed to his wealth increase.

Mark Zuckerberg  

The Facebook founder’s net worth increased by $91.8 billion as Meta’s shares surged by 67%, marking a significant recovery from previous years’ losses.

Larry Ellison  

The Oracle chairman’s wealth increased by $84.5 billion, with Oracle’s stock jumping 68% due to heightened investor interest in AI technologies.

Jensen Huang 

As the CEO of Nvidia, Huang entered the top ten richest people due to Nvidia’s stock price skyrocketing by 185%, driven by the company’s dominance in AI technology.

Michael Dell  

Dell Technologies’ founder saw his net worth rise by $46.6 billion, aided by his significant shareholding in Broadcom following strategic corporate moves.

Rob Walton, Jim Walton, and Alice Walton 

The Walton siblings, heirs to the Walmart fortune, saw substantial gains as Walmart’s stock increased nearly 80%, driven by successful e-commerce strategies and favourable market conditions.

Larry Page 

The Google co-founder’s wealth increased by $40.5 billion, maintaining his position as a major player in the tech industry through his involvement with Alphabet, Google’s parent company.