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In 2024, Billionaires Saw Their Fortunes Grow Extraordinarily, Reflecting an Unprecedented Moment of Success and Prosperity
The year 2024 proved to be surprising for the world’s billionaires, with more than half of the over 2,800 members of this select club seeing their wealth skyrocket, according to Forbes. Together, these fortunate individuals accumulated an impressive US$ 730 billion more by December 13.
Among the highlights, Elon Musk, the richest man on the planet, stood out as the biggest winner.
He became the first person to surpass the mark of US$ 400 billion, after his rocket company, SpaceX, was valued at US$ 350 billion.
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A giant company goes bankrupt and thousands of electric scooters will go to auction in the Netherlands.
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The R$ 61.7 billion deficit in government accounts in 2025 will trigger the fiscal framework’s mechanisms for the first time, and starting in 2027, personnel spending will only be able to grow 0.6% above inflation, which could freeze salary adjustments and public service entrance exams.
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Brazilians can now pay with Pix abroad by scanning a QR Code in partner stores in the United States, Argentina, Portugal, France, Paraguay, and Chile, but the system charges a 3.5% IOF and does not yet work in all establishments.
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Brazil leads the attraction of foreign money in Latin America, ahead of Mexico, Chile, and Colombia, but the paradox is that the Brazilian investor is fleeing their own stock market and putting R$ 154 billion into fixed income while the foreign investor buys everything.
This turnaround is even more remarkable, as Musk was the biggest loser in 2022, but now he is experiencing an explosive recovery, amassing wealth like no one else.
The Tech Titans
Seven of the ten billionaires who enriched the most in 2024 come from the technology sector.
The leaders of giants like Meta, Alphabet, Oracle, Amazon, Nvidia, and Dell dominated the list of the year’s biggest winners.
All ten are U.S. citizens, highlighting the power of the American economy and innovation.
1. Elon Musk
Source of Wealth: Tesla, SpaceX
Net Worth: US$ 439 billion (+US$ 188.1 billion in 2024)
Musk made history by seeing his fortune exceed the legendary mark of US$ 400 billion, an unprecedented accomplishment in nearly four decades of monitoring by Forbes.
The increase of 68% in Tesla’s stock and the valuation of SpaceX were key to this rise.
2. Mark Zuckerberg
Source of Wealth: Facebook
Net Worth: US$ 214.4 billion (+US$ 91.8 billion)
Zuckerberg, who faced difficulties in 2022, experienced an impressive recovery, boosted by a 67% rise in Meta’s stock.
3. Larry Ellison
Source of Wealth: Oracle
Net Worth: US$ 218.3 billion (+US$ 84.5 billion)
Ellison saw his wealth grow thanks to the rise in Oracle’s stock, which surged over 68%, solidifying his position among the year’s biggest winners.
4. Jensen Huang
Source of Wealth: Nvidia
Net Worth: US$ 117.2 billion (+US$ 74.3 billion)
The founder of Nvidia made his debut on the list of the ten richest, with the company’s stock rising 185%.
5. Jeff Bezos
Source of Wealth: Amazon
Net Worth: US$ 241.2 billion (+US$ 68.9 billion)
The founder of Amazon, now the second richest person in the world, saw his stock rise 53%, while also making profitable sales, saving about US$ 1 billion in taxes.
6. Michael Dell
Source of Wealth: Dell Technologies, Broadcom
Net Worth: US$ 115.3 billion (+US$ 46.6 billion)
Dell benefited from the increase in Broadcom’s stock following the merger with VMware.
7. Rob Walton
Source of Wealth: Walmart
Net Worth: US$ 112.5 billion (+US$ 46.5 billion)
8. Jim Walton
Source of Wealth: Walmart
Net Worth: US$ 111.3 billion (+US$ 44.5 billion)
9. Alice Walton
Source of Wealth: Walmart
Net Worth: US$ 103.5 billion (+US$ 41.7 billion)
The children of Sam Walton, co-founder of Walmart, also reaped the benefits of an 80% increase in the retail giant’s stock, driven by the growth of online sales.
10. Larry Page
Source of Wealth: Google
Net Worth: US$ 156.6 billion (+US$ 40.5 billion)
The co-founder of Google sees his fortune grow as Alphabet’s stock rises 30%, despite the antitrust concerns faced by the company.
Reflection on a Year of Growth
2024 proved to be a year of growth and transformation for billionaires, especially for those who navigated skillfully through the tides of the modern economy.
With innovations and strategic investments, these magnates continue to shape the future of the market and inspire new generations.
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