Artificial Intelligence Has Driven Billionaires’ Wealth to a Record High!
The combined wealth of around 100 technology billionaires has now reached $4.6 trillion.
According to the Bloomberg Billionaires Index, the wealth of technology billionaires among the world’s 500 richest people increased by $845 billion in the first 9 months of the year. The combined wealth of around 100 technology billionaires has now reached $4.6 trillion. The main drivers of this increase were growing interest in artificial intelligence and rising technology stocks. Although technology billionaires account for only one-fifth of the people on the index, they own 36% of its total wealth.
Elon Musk accounted for the largest share of this increase. From the beginning of the year through the end of September, he added $310 billion to his fortune. This amount represents approximately 40% of the total increase in the wealth of technology billionaires. Dell Technologies founder Michael Dell’s wealth rose 81% to $254 billion. Mark Zuckerberg also added $23 billion to his fortune as Meta shares rose.
Founders of AI companies and manufacturers of chips, servers and data-center equipment also benefited significantly from this growth. The trend shows the increasing impact of the AI sector on global wealth distribution.