In the first half of the 2023, more than $850 billion added to their wealth by the world’s Top 500 richest persons.
According to the bloomberg report, Each member of the Bloomberg Billionaire Index made an average of $14 million per day in these past six months.
As compare to the 2020, this year so far was the best year or best half-year for billionaires. Because we all know about that, the Covid affected year was not so good for many people whether it’s normal/middle class or high class and obviously very poor for lower class.
The stock market surged while so many crisis are going on. The gains occur simultaneously with a extensive stock market rally, as investors cut the effects of central bank interest rate increases, and the main thing that affects the whole world is the ongoing war in Ukraine and the other most important fact that we can’t ignore is that a crisis in regional banks. Although so much was happening but still The artificial intelligence boosted tech stocks by which the help of the S&P jump up 16% and the Nasdaq 100 increased 39% for its best-ever first half.
We all know about the thing which plays an important role in Richest people wealth and in the investors also is, the price of stock. Because when the Facebook share fell the Mark Zuckerberg’s position also fell from the top 10 richest persons in the world. So by this understanding, we learn that the price of stock is very important in everyone’s life including normal people also those who are investing their money in stocks for their future.
Among these top Tycoons, The Elon Musk’s Net Worth grew the most in this first half of 2023 in which he added $96.6 billion. And the second spot is covered by Mark Zuckerberg by adding $58.9 billion in his Net Worth. The third and the fourth spot is covered by Jeff Bezos and Larry Ellison by adding $47.4 billion and $40.8 billion respectively. Bernard Arnault is at Fifth no. by gaining $38.2 billion in Net Worth.
The person who’s Net Worth is plunged the most in this first half of 2023 is Gautam Adani, Carl Icahn,and some others. To read this blog click here…
