According to Deep Tide TechFlow, on December 31, foreign media reported that an institutional billionaire index revealed that the collective wealth of the world's 500 richest individuals increased by a record $2.2 trillion this year. All markets, from stocks to cryptocurrencies and precious metals, have been booming, leading to a surge in their asset values. This wealth growth has brought their total net worth to $11.9 trillion. Among them, tech giants led the gains, with the frenzy over artificial intelligence continuing to boost large-cap U.S. stocks. Approximately one-quarter of all wealth growth recorded by the institutional wealth index came from eight individuals, including Oracle (ORCL.N) Chairman Larry Ellison, Tesla (TSLA.O) CEO Elon Musk, Alphabet (GOOG.O) co-founder Larry Page, and Amazon (AMZN.O) founder Jeff Bezos. However, it is worth noting that this contribution is smaller than last year, when these eight billionaires accounted for 43% of the total gains. (Jin10 Data)
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