
Wealth of America's tech barons surged by over $500 trillion in the past year, primarily due to a stock market boom in artificial intelligence companies.
Newly released figures have revealed that the wealth of the top 10 US founders and executives rose from $1.9 trillion to approximately $2.5 trillion by Christmas Eve.
Elon Musk has further solidified his status as the world's richest man amidst the AI gold rush, which has driven US stock markets to record highs.
Musk's net wealth rose to $645 billion, an almost 50% annual gain. In October of this year, the tycoon—whose commercial ventures include the artificial intelligence startup xAI—became the first individual with a net worth exceeding $500 billion. If he meets goals established by his electric car firm, Tesla, he might become the first trillionaire in history.
In the global ranks of the richest billionaires, Musk is ranked higher than Jeff Bezos, the creator of Amazon, and Larry Page, a co-founder of Google. Bezos is projected to be valued $255 billion and Page $270 billion.
Moreover, the argument over how to effectively rebalance countries has been driven by the increasing concentration of wealth among an ultra-elite, with some advocating for more effective wealth taxes.
One of the biggest winners was Jensen Huang, the CEO of the chip manufacturer Nvidia. His personal fortune increased to $159 billion as the value of his stock, investments, and other assets increased by $41.8 billion.
According to a different Financial Times estimate, this places him eighth among the top 10 US tech billionaires and ninth in the Bloomberg Billionaire Index overall.
Furthermore, Huang sold nearly $1 billion in shares due to Nvidia's rising stock price, which owes its success to its advanced computer chips vital for AI processing. In October, Nvidia became the world's first $5 trillion company, surpassing the economic output of major economies like Japan and India.

The co-founders of Google, Page and Sergey Brin, saw their wealth increase by approximately $102 billion and $92 billion, respectively, as investors placed bets on the company's advancements in artificial intelligence, notably its internal attempts to develop new chips known as Tensor Processing Units.
The Bank of England has warned of a “sudden correction” in global markets if investor confidence turns out to be incorrect due to the recent spike in AI investments.
Likewise, the central bank's top officials stated in October that “equity market valuations appear stretched on a number of measures, particularly for technology companies focused on artificial intelligence.”
According to their statement, stock markets are “particularly exposed should expectations around the impact of AI become less optimistic.”
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There are other well-known names in the billionaire rankings, but technology is the most common field among gainers. The wealth of Bernard Arnault, the French boss of the luxury goods giant LVMH, which produces items like Dom Perignon champagne and Louis Vuitton handbags, increased by $28.5 billion in the last year.
Besides, the 76-year-old owns around half of LVMH, and due to robust spending by affluent North American consumers, analysts have become more optimistic about the company in recent months.
Ultimately, Amancio Ortega, a Spaniard who owns 59% of Inditex, the parent company of Zara and seven other brands, was one of the greatest winners, gaining $34.3 billion to his already $136 billion wealth. A record €3.1 billion dividend from the retail business helped with this.
Posted On: January 1, 2026 at 01:50:58 PM
Last Update: January 1, 2026 at 01:50:58 PM
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