With the start of 2025, we can have a recap of everything that happened in 2024, and one of the most noticeable things is the wealth surge of the richest people in the world. At the end of 2024, the world’s 500 richest individuals had a combined wealth of 10 trillion dollars! Keep on reading and discover how they were able to do this!
The top 10 richest people are responsible for one-fourth of the combined wealth!
In 2024, the 500 richest people in the world saw their combined wealth hit a historic $10 trillion in 2024. The gains were mostly driven by surging tech stocks such as Nvidia’s! However, Elon Musk still leads the pack, with his net worth climbing to 442,1 billion dollars. Others in the top 10 are Mark Zuckerberg, Jensen Huang, and Larry Ellison!
Even though you might think about the 500 wealthiest people in the world and think they all contribute equally, you’re very wrong. The top 10 of these 500 people have a combined net worth of 2,835 trillion dollars and are responsible for over one-fourth of the historic milestone of 10 trillion dollars.
After the victory of Donald Trump in the US presidential elections, there was a big shift in wealth. Billionaires gained $505 billion in five weeks, which was mainly caused by a crypto rally. During this rally, Bitcoin reached the milestone of 100.000$, while it started at 44.000 dollars in January of 2024! Binance’s Changpeng Zhao saw his wealth jump 60% to $55 billion throughout the year!
The Stock Market also made a big jump
Now that we have covered the 500 richest people in the world, we can talk about the 500 most valuable companies! The S&P 500 surged 24% in 2024, with Tesla, Meta, and Nvidia being some of the biggest contributors to the growth.
Despite market challenges for some sectors, 2024 cemented the dominance of tech billionaires. Younger billionaires saw the largest wealth gains throughout the year.
