Tech billionaires are now worth $4.6 trillion | The roughly 100 technology fortunes among the world's 500 richest people were worth a combined $4.6 trillion by September 30. That is 36% of the total wealth tracked by the Bloomberg Billionaires Index, even though tech billionaires make up only about one-fifth of its members. The gains have been driven mainly by the AI boom and strong performance by technology stocks, particularly in the US. (Image: AI-Generated)
\n\nUS billionaires took 94% of the gains | The wealth surge has been heavily concentrated in the US. American billionaires accounted for 94% of the net gains recorded by the Bloomberg Billionaires Index through September. Since September 10, all 10 of the world's richest people have been Americans. It is the first time this has happened since Bloomberg began tracking billionaire wealth in 2012. (Image: AI-Generated)
\n\nElon Musk added $310 billion | Elon Musk was the biggest individual beneficiary of the tech wealth surge. His fortune increased by $310 billion through September 30, accounting for roughly 40% of the total increase in the index. Musk also briefly became the world's first trillionaire after SpaceX merged with his artificial intelligence company xAI and went public in…
Original source: https://www.cnbctv18.com/technology/
