2024 Billionaires' Wealth Surges, Losses

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A year in wealth: The biggest billionaire winners and losers of 2024

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80% Informative

In 2024 , the rich largely got richer as tech stocks flew and markets experienced a postelection bump.

The five billionaires who gained the most wealth in 2024 saw their net worths climb a collective $542 billion , according to the Bloomberg Billionaires Index as of December 27 .

Elon Musk , who is worth $468 billion , nearly doubled his net worth in 2024 , owing in no small part to the stock market's rally after Donald Trump's election victory.

Some billionaires whose money comes from luxury retail, which struggled this year , lost double-digit billions .

Nearly all of Huang 's $35 billion fortune lies in his stake in Pinduoduo , the parent company of fast-fashion retailer Temu , whose stock has fallen more than 30% this year .

Francois Pinault founded the luxury group Kering , which includes Balenciaga, Gucci , and Saint Laurent .

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