News Formal

World's wealthiest people get $150B richer thanks to surging AI stocks

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

The world's wealthiest people have got at least $150 billion richer thanks to the AI-fueled stock-market boom

on the publication's rich list for the first time ever earlier this week, with his fortune up $47 billion in 2023 thanks to the tech stock's 55% gain.

Gates himself has gotten $24 billion richer this year thanks to his Microsoft shares, with the Redmond-based tech giant emerging as a preferred AI play forAnd the man at the helm of one of the stock market's biggest success story of 2023 – Nvidia founder Jensen Huang – has also seen his personal fortune balloon by $24 billion, according to Bloomberg's index.

Again, that's largely thanks to Huang's shares in the chipmaker, which have jumped 192% in value to lift the company to a $1 trillion market capitalization. The members of the rich list have seen their combined wealth jump by over $150 billion in 2023, by Insider's calculations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retired auto shop owner brings business to the classroom for 'real world' teaching: ‘Perfection is expected’Industrial tech teacher Rob Van Der Hagen and BOLD High School rising seniors Austin Schroeder and Tate Sheehan detail their 'real-world' shop class.
Source: FoxNews - 🏆 9. / 87 Read more »