2024 is an exceptional year that changed the map of the wealth of the world’s billionaires

The year 2024 witnessed an exceptional shift in the fortunes of billionaires, as some benefited from record rises in the technology and artificial intelligence markets, while others incurred huge losses due to the decline in some traditional industries such as luxury goods.

The report issued by “Business Insider” website American, the most prominent winners and losers among the wealthy and how these transformations shaped the economic landscape for the year 2024, according to the “Bloomberg” index. For billionaires.

At the top of the list, American businessman “Elon Musk” continues to… He is the biggest gainer among billionaires in 2024, as his wealth has doubled significantly to reach $468 billion, a huge increase of $239 billion during the year.

The increase in Musk’s wealth is due to… The record price this year is due to the recovery of the stock market after Donald Trump’s victory in the presidential elections, as his wealth has witnessed an increase of more than $200 billion since Election Day. 

Musk’s wealth consists mainly of Tesla shares and his shares in SpaceX. Tesla’s share price rose by more than 70% despite the slowdown in electric car sales, and the value of SpaceX doubled to reach about $350 billion.

It came. Mark Zuckerberg, CEO of Meta, is in second place on the list. His wealth has increased significantly this year, with an increase of $85 billion, bringing his net worth to $213 billion.

This rise is due to the successes of his investments in technology and artificial intelligence. Zuckerberg owns about 13% of Meta’s shares, making him the largest individual shareholder in the company. 

Meta’s shares also witnessed a significant increase of more than 70% this year thanks to the growth of its advertising business and its expansion into the field of artificial intelligence, as announced. announced its first dividend in February.

Also among the prominent billionaires was Jensen Huang, CEO and co-founder of Nvidia, who added $78 billion. He will increase his wealth during the year 2024, bringing his total wealth to $122 billion, thanks to his company’s dominance in the artificial intelligence chip market, as the value of Nvidia shares rose by more than 175% this year.

In the next place, Larry witnessed Ellison, Oracle’s founder and chief technology officer, saw his net worth increase significantly, adding $70 billion to his net worth, which had reached $193 billion, as the significant growth in Oracle’s cloud applications contributed to Enhancing the value of the company’s shares, which rose by more than 60% this year.

As for Jeff Bezos, founder of Amazon, he also witnessed a huge increase in his wealth by $69 billion, bringing his total net worth to $246 billion.  

Amazon continues to achieve success, as its shares have witnessed an increase of more than 45% since the beginning of the year, benefiting from its leadership in the fields of e-commerce and cloud computing, and was also positively affected by the victory of… Trump in the elections.

On the other hand, some billionaires suffered losses in their wealth this year, as Bernard Arnault, CEO of LVMH, was – The French multinational group specializing in the manufacture of luxury goods such as bags and fashion – The biggest losers among billionaires. His wealth lost $31 billion in a year considered one of the worst years for the luxury goods industry.

Arnault owns 48% of the shares of LVMH, which includes brands such as “Louis Vuitton” And “Christian Dior”, as these brands were affected this year, especially in China, which is suffering from a real estate crisis and high unemployment rates among young people.

On the other hand, “Françoise Bettencourt Meyers”, the heiress of the company, lost “L’Oreal”, $25 billion this year, and Myers is considered the second richest woman in the world with a fortune estimated at about $75 billion, according to the index. "Bloomberg".

The cosmetics company, which owns a large part of its wealth, was affected, as L’Oreal’s sales in China declined, which pushed the company’s stock price to decline by more than 26% since the beginning of the year.

p>As for Mexican billionaire Carlos Slim, whose wealth is currently estimated at about $82 billion, he lost $23 billion as a result of the decline in the shares of the giant telecommunications company “America Movil.” This year.

Colin Huang, the former founder of the Chinese trading company “PinDooDoo”, also suffered a notable loss of $17 billion, as Huang’s fortune, estimated at about $35 billion, is due to his stake in the company “PinDooDoo”. The parent company of Timo, which has seen its shares fall by more than 30% this year. 

As for François Pinault, founder of the luxury Kering group, which includes brands such as Balenciaga, Gucci and Saint Laurent. His wealth witnessed a significant decline as a result of the crisis that struck the luxury goods market this year, as Kering shares fell more than 40% since the beginning of the year, which greatly affected most of his wealth, which is estimated at about 22 billion dollars.  

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