These Billionaires Added More To Their Fortunes This Year Than Anyone Else It was a great year for billionaires. Especially these fortunate few, who together got more than $700 billion richer.

By Free Republic | Created at 2024-12-22 06:05:21 | Updated at 2024-12-22 11:15:55 5 hours ago

These Billionaires Added More To Their Fortunes This Year Than Anyone Else It was a great year for billionaires. Especially these fortunate few, who together got more than $700 billion richer.
Forbes ^ | Connor Greene

Posted on 12/21/2024 9:40:39 PM PST by SmokingJoe

It was a great year for billionaires. Especially these fortunate few, who together got more than $700 billion richer.

It’s been an astounding year for billionaires, with more than half of the planet’s 2,800-plus members of the three-comma club getting richer in 2024 as markets soared—some by billions and even tens of billions of dollars.

This year’s top ten billionaire gainers increased their collective wealth by $730 billion, through December 13, according to Forbes’ estimates. Elon Musk, the world’s richest person, got the richest: He became the first person to pass the $400 billion mark after his rocket company SpaceX was valued at $350 billion. Musk, 2022’s biggest loser, has bounced back in a big way, gaining more wealth than anyone on the planet in both 2023 and 2024.

----- SNIP -----

1. Elon Musk

Source of wealth: Tesla, SpaceX

Net worth: $439 bil (+$188.1 bil in 2024)

Musk made history earlier this month, when his net worth rocketed past the $400 billion mark, a feat never before recorded by Forbes in its nearly four decades of tracking the world’s billionaires. He’s closing 2024 a staggering $188 billion richer than he began it (a sum that itself would rank as the world’s fifth-biggest fortune). Shares of his electric vehicle-maker Tesla are up more than 68% in 2024; his artificial intelligence startup xAI raised money at a reported $50 billion valuation in November; and earlier this month, his rocket company SpaceX bought back insiders’ shares in a deal that valued the company at $350 billion––a more than 60% increase from SpaceX’s previous tender offer, which valued the company at $210 billion earlier this year. SpaceX is now the most valuable private company in the world. Meanwhile, Musk’s political influence has grown, too.

(Excerpt) Read more at forbes.com ...

TOPICS: Business/Economy; News/Current Events
KEYWORDS: forbes; musk

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1 posted on 12/21/2024 9:40:39 PM PST by SmokingJoe

To: SmokingJoe

I can’t read the article without paying money to subscribe. (And I already knew who would lead the list - it’s the others on it I would be interested in, and that info isn’t included in your excerpt or comment.)

2 posted on 12/21/2024 9:48:31 PM PST by norcal joe

To: norcal joe

You can read it without paying subscriptions.
I never paid subscriptions and I’m reading it.

3 posted on 12/21/2024 9:51:58 PM PST by SmokingJoe

To: SmokingJoe

So....who are # 2 and # 3?

Do tell.

4 posted on 12/21/2024 9:56:40 PM PST by lightman (Beat the Philly fraud machine the Amish did onest, ja? Nein, zweimal they did already!)

To: SmokingJoe

Who cares. Im no millionaire but…. I have a great life. My wife ,my kids? Whats more fulfilling? That is what is most important.

5 posted on 12/21/2024 9:56:55 PM PST by MrRelevant

To: SmokingJoe

6 posted on 12/21/2024 9:58:05 PM PST by rktman (Destroy America from within ? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)

To: lightman

2. Mark Zuckerberg Net worth: $214.4 bil (+$91.8 bil)

3. Larry Ellison Net worth: $218.3 bil (+$84.5 bil)

7 posted on 12/21/2024 10:01:33 PM PST by SmokingJoe

To: SmokingJoe

Well, when I try to read the article, the following pops up and covers the article:

“Subscribe to read this article. Unlock one year of trusted journalism that empowers your journey and fuels your curiosity, passion, and ambition for just $49.99..”

Maybe others can read it, but I can’t. Can you list the other billionaires on the list?

8 posted on 12/21/2024 10:04:11 PM PST by norcal joe

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