This is reported by Bloomberg.
In general, the combined wealth of the 500 richest people in the world is comparable to the total GDP of Germany, Japan, and Australia.
The top three are Tesla CEO and SpaceX founder Elon Musk, Meta founder Mark Zuckerberg, and Nvidia CEO Jensen Huang.
A significant rise in American tech stocks has contributed to the increase in their wealth.
Elon Musk dominated the ranks of the world's richest people in 2024. His publication refers to him as the "first friend" of newly elected President Donald Trump.
His close ties with the future president have helped boost the value of his companies, particularly Tesla Inc, SpaceX, and xAI. This has raised his fortune to an unprecedented $442.1 billion, which is $213 billion more than at the beginning of the year.