Billionaires’ biggest gainers and losers for 2024

• In 2024, The rich are getting considerably richer With technology stocks rising and the markets witnessing a post-election rebound.

• However, some luxury giants have lost billions amid the industry’s decline.

• Here are the biggest billionaire winners and losers this year, according to their net worth.

2024 was a good year to be a billionaire.

The S&P 500 is up 25% this year, while the Nasdaq has grown 33%. The wealthy, many of whom invest in companies included in each index, have benefited greatly.

The five billionaires with the most wealth in 2024 saw their combined net worth rise by $542 billion, according to a new report. Bloomberg Billionaires Index As of December 27th.

All of these billionaires come from the technology sector, where artificial intelligence and… Post-election rally It pushed many stocks to all-time highs.

However, there were those whose fortunes were damaged. Some billionaires whose money comes from Luxury retailwhich has struggled this year, has lost double-digit billions.

Here are the billionaires who gained and lost the most this year — and how much their fortunes have changed as of December 27.

This year’s biggest winners are…

Elon Musk: $239 billion richer

Elon Muskwho is worth $468 billion, will nearly double his net worth in 2024, due in large part to the stock market’s rise after Donald Trump’s election victory. Since Election Day, he’s become more than $200 billion richer.

His wealth mostly consists of Tesla Stocks and shares in SpaceX. Despite the slowdown in electric car sales, Tesla’s stock price has jumped more than 70% this year. SpaceXMeanwhile, its value has doubled in the past year and is now worth $350 billion.

Musk, who has given more than $200 million to Trump’s re-election effort, has become an adviser to the president-elect, who has appointed him and Vivek Ramaswamy to lead the newly created Department of Government Efficiency. Investors are optimistic that his relationship with the commander-in-chief will benefit his companies.

Mark Zuckerberg: $85 billion richer

Mark Zuckerberg It builds on the success Mita had in a strong year. The CEO, who is worth $213 billion, owns about 13% of the company’s shares, making him its largest individual shareholder.

dead The stock price is up more than 70% this year thanks to its strong advertising business and push into artificial intelligence. The company announced its first-ever dividend in February, and its stock has hit record highs several times this year.

Jensen Huang: Wealth of $78 trillion

The AI ​​boom has created a new billionaire this year in Jensen Huang, who is worth $122 billion.

Nvidia’s CEO and co-founder owns about 3.5% of the company, whose stock price has risen more than 175% year-to-date thanks to its stock market dominance. Artificial intelligence chip industry.

The story continues

Larry Ellison: $70 billion richer

Larry Ellison, who has a net worth of $193 billion, is the founder and chief technology officer of… oracle.

The database software company’s shares, which make up the largest share of his net worth, have risen more than 60% year-to-date thanks to its cloud applications and infrastructure, which can be used to train artificial intelligence.

Ellison also owns more than 1% of Tesla shares, worth $20 billion, according to Bloomberg.

Jeff Bezos: $69 billion richer

Jeff BezosThe Amazon co-founder remains the company’s largest individual shareholder, owning nearly 9% of the $2.4 trillion company. His stake in the retail and technology giant represents more than 80% of his $246 billion fortune.

Amazon Stocks, which are up more than 45% year to date, have soared after Trump’s election. The company also benefited from its leadership in e-commerce and cloud computing.

Meanwhile, some billionaires have taken hits to their fortunes.

Bernard Arnault: $31 billion poorer

This year has been one of the worst years for luxury in recent memory, and Bernard Arnault He has an 11-digit loss to show for it.

The LVMH CEO, who is worth $176 billion, has a 48% stake in the company, which owns brands such as Louis Vuitton and Christian Dior. Luxury brands have faced difficulties this year, especially in China, which has seen a real estate crisis and high youth unemployment rates.

Françoise Bettencourt Myers: $25 billion poorer

Françoise Bettencourt MyersShe is the heiress to the L’Oreal fortune, and is the second richest woman in the world with a fortune of $75 billion.

The cosmetics company has struggled this year as its sales in China have taken a hit. Its stock price is down more than 26% year to date.

Carlos Slim: $23 billion poorer

Mexican billionaire Carlos Slim, who is worth $82 billion, has seen his fortune decline along with shares of telecom giant América Movil this year.

Colin Huang: $17 billion poorer

Almost all Colleen Huang His $35 billion fortune lies in his stake in Pinduoduo, the parent company of fast-fashion retailer Temu, whose stock has fallen more than 30% this year.

In August, since It announced that it expects lower profits in the future due to increased competition and changing consumer sentiment. The company took another hit after Trump’s victory, given the uncertainty about how this would happen Future tariffs It may affect sales.

François Pinault: $14 billion poorer

François Pinault’s fortune is another victim of this year’s decline in luxury products.

He founded the luxury Kering group, which includes brands such as Balenciaga, GucciSaint Laurent, most of his net worth of $22 billion is tied to the company, whose stock has fallen more than 40% year to date.

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