The world’s richest people could also be sad to learn that 2023 is coming to an end, considering how lucrative the year was for them.
In total, the wealth of the 500 richest people increased by a staggering $1.5 trillion, Bloomberg reported on Friday. This is a big change from 2022, when the same group lost almost $2 trillion. This increase was largely resulting from the outstanding performance of technology corporations, which helped billionaires in this industry gain as much as $658 billion, a 48 percent increase of their wealth.
Not surprisingly, the leader of the group was Elon Musk, who with an extra $95.4 billion increased his net value to $232 billion and simply made him the richest man in the world. By comparison, the Tesla and SpaceX founder saw a decline of $138 billion in 2022. However, after a formidable 2023, the roaring Musk regained his leadership position, overtaking LVMH CEO Bernard Arnault, who’s now virtually tied with Jeff Bezos for the title of second-richest person in the world. (Arnault is value $179 billion and Bezos is value $178 billion, after earning $71.3 billion this year.)
Other notable names from 2023 include Mark Zuckerberg, who added $84 billion to his checking account throughout the year. The Meta founder is now value a complete of $130 billion. And although the name is probably not widely known, L’Oréal heiress Françoise Bettencourt Meyers is currently the richest woman in the world and the first woman to amass a fortune value $100 billion.
While it’s inconceivable to say whether 2024 will follow the tailwinds of 2023 or the decline of 2022, Bloomberg has identified a handful of billionaires value keeping track of in the latest year. Several of them are related to the ever-expanding world of sports: Miriam Adelson, value $34.3 billion, just bought a majority stake in the Dallas Mavericks. This was because of Mark Cuban, value $6.8 billion, who sold his stake in the team for a cool $3.5 to $4 billion. Steve Cohen, value $13.9 billion, owns the New York Mets and is working to show the team right into a baseball powerhouse. But if their sports bets do poorly, Adelson will get behind casino operator Las Vegas Sands, and Cohen will work with Hard Rock International to attempt to get one of New York’s lucrative latest casino licenses.
Everyone definitely hopes for a positive deal in 2024 as well.
Credit : robbreport.com
