According to reports, the Institutional Billionaires Index shows that the collective wealth of the world's 500 richest people increased by a record $2.2 trillion this year, and all markets, from stocks to cryptocurrencies to precious metals, are booming, causing their asset values to soar. This increase in wealth brought their total net worth to $11.9 trillion. Among them, tech giants led the way, and fanaticism for artificial intelligence continued to boost large US stocks. About a quarter of all wealth growth recorded by the Institutional Wealth Index came from 8 people, including Oracle Chairman Larry Ellison, Tesla CEO Elon Musk, Alphabet co-founder Larry Page, and Amazon founder Jeff Bezos. However, it is worth noting that this is a smaller contribution than last year, when these 8 billionaires contributed 43% of the total revenue.

According to reports, the Institutional Billionaires Index shows that the collective wealth of the world's 500 richest people increased by a record $2.2 trillion this year, and all markets, from stocks to cryptocurrencies to precious metals, are booming, causing their asset values to soar. This increase in wealth brought their total net worth to $11.9 trillion. Among them, tech giants led the way, and fanaticism for artificial intelligence continued to boost large US stocks. About a quarter of all wealth growth recorded by the Institutional Wealth Index came from 8 people, including Oracle Chairman Larry Ellison, Tesla CEO Elon Musk, Alphabet co-founder Larry Page, and Amazon founder Jeff Bezos. However, it is worth noting that this is a smaller contribution than last year, when these 8 billionaires contributed 43% of the total revenue.