US business magazine Forbes recently released the top 10 billionaires with the highest wealth growth by 2023. Elon Musk, CEO of Tesla, topped the list with a wealth increase of $108.4 billion this year, making him the richest person in the world. Among the top 10 highest-earning billionaires, 7 of them are from the technology industry.
According to Forbes, the top 10 billionaires with the highest wealth growth by 2023 are as follows:
1. Elon Musk (Tesla, SpaceX) – Current wealth: $254.9 billion (an increase of $108.4 billion)
2. Mark Zuckerberg (Facebook) – Current wealth: $118.6 billion (an increase of $74.8 billion)
3. Jeff Bezos (Amazon) – Current wealth: $172.3 billion (an increase of $65 billion)
4. Prajogo Pangestu (Diversified business) – Current wealth: $52.8 billion (an increase of $47.9 billion)
5. Larry Page (Google) – Current wealth: $111.7 billion (an increase of $34.4 billion)
6. Amancio Ortega (Zara) – Current wealth: $97.4 billion (an increase of $33.2 billion)
7. Sergey Brin (Google) – Current wealth: $107.3 billion (an increase of $33 billion)
8. Steve Ballmer (Microsoft) – Current wealth: $110.9 billion (an increase of $32.4 billion)
9. Larry Ellison (Oracle) – Current wealth: $133.2 billion (an increase of $30.8 billion)
10. Huang Renxun (Nvidia) – Current wealth: $43.6 billion (an increase of $29.8 billion)
As of December 15th, the total wealth of these top 10 billionaires has increased by a staggering $490 billion. It is worth noting that 7 out of these 10 individuals are from the technology industry. While large tech stocks performed poorly last year, this year has been a rebound year, with the tech-heavy NASDAQ Composite Index rising by 42%, nearly double the 23% increase of the S&P 500 Index.
Stock prices of major tech giants such as Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta have far exceeded the overall market, leading to increased wealth for their respective leaders.
Out of the top 10 highest-earning billionaires this year, only 2 billionaires are from outside the United States. Prajogo Pangestu, an Indonesian petrochemical and energy tycoon, saw his wealth increase by over 900%, placing him in the first position. The other billionaire is Amancio Ortega, the founder of ZARA and the richest person in Spain.
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