Meet this year's 10 biggest wealth gainers — who are now $429 billion richer
- The world's 10 biggest wealth gainers have grown a combined $429 billion richer in 2024.
- Nvidia's Jensen Huang and Meta's Mark Zuckerberg are each up more than $70 billion since January.
- Scroll down for the full list, which includes Elon Musk, Jeff Bezos, and three Walmart heirs.
Ten people have grown their personal fortunes by a combined $429 billion this year — a sum larger than the market value of Costco ($396 billion), Netflix ($326 billion), or Coca-Cola ($281 billion).
The biggest wealth gainers of 2024 include Nvidia CEO Jensen Huang, Meta's Mark Zuckerberg, and Oracle chairman Larry Ellison, per the Bloomberg Billionaires Index.
The buzz around artificial intelligence has boosted their companies' stock prices, benefiting them as the biggest shareholders.
Here are the 10 greatest wealth builders this year as of Monday, November 5.
Year-to-date wealth gain: $25.9 billion
Net worth: $152 billion
Source of wealth gain: Alphabet stock
Larry Page cofounded Google in 1998 and was the search giant's CEO until 2001.
He returned to lead the company between 2011 and 2015 after Google was restructured as a subsidiary of Alphabet. He remains a director of Alphabet, which has a market value of more than $2 trillion.
Year-to-date wealth gain: $28.6 billion
Net worth: $258 billion
Source of wealth gain: Tesla and SpaceX stock
Elon Musk is the CEO of electric-vehicle maker Tesla and spacecraft manufacturer SpaceX. He's also the owner of X, the social network previously known as Twitter.
His other businesses include Neuralink, xAI, and The Boring Company.
Year-to-date wealth gain: $31.0 billion
Net worth: $102 billion
Source of wealth gain: Walmart stock
Rob Walton is the eldest son of Sam Walton and an heir to the Walmart fortune.
He and his siblings owe a big chunk of their wealth to their father, who handed them each a 20% stake in the family business over 70 years ago instead of having them inherit his fortune upon his death, in turn avoiding paying billions of dollars in estate taxes.
Year-to-date wealth gain: $31.5 billion
Net worth: $102 billion
Source of wealth gain: Walmart stock
Alice Walton is the only daughter of Walmart founder Sam Walton.
She overtook L'Oréal heiress Françoise Bettencourt Meyers to become the world's richest woman in August.
Year-to-date wealth gain: $31.8 billion
Net worth: $104 billion
Source of wealth gain: Walmart stock
Jim Walton is the youngest son of Walmart founder Sam Walton and, like his siblings, one of the megaretailer's largest shareholders with an over 11% stake.
Walmart stock has climbed 59% this year, fueled by resilient consumer spending in the face of historic inflation and soaring interest rates in recent years. The surge led to Walton amassing a $100 billion fortune for the first time in September.
Year-to-date wealth gain: $35.9 billion
Net worth: $114 billion
Source of wealth gain: Dell Technologies stock
Michael Dell is the founder and CEO of Dell Technologies, the storied maker of PCs, printers, and other computing equipment.
Dell shares have soared about 77% this year as the company shifted its focus toward AI-powered devices and servers.
Year-to-date wealth gain: $40.9 billion
Net worth: $218 billion
Source of wealth gain: Amazon stock
Jeff Bezos is Amazon's founder, former CEO, and executive chairman.
Amazon shares have leaped 30% this year as investors bet the online retailer can harness AI to supercharge its sales and leverage Amazon Web Services to become a key provider of cloud infrastructure to AI companies.
Year-to-date wealth gain: $58.5 billion
Net worth: $181 billion
Source of wealth gain: Oracle stock
Larry Ellison is the cofounder, executive chairman, and chief technology officer of Oracle, one of the largest enterprise software companies.
Oracle stock has jumped 64% this year as the company has emerged as a key provider of cloud data centers for AI businesses, lifting Ellison's fortune along with it.
Year-to-date wealth gain: $70.4 billion
Net worth: $199 billion
Source of wealth gain: Meta stock
Mark Zuckerberg is the cofounder and CEO of Meta, the parent company of Facebook, Instagram, WhatsApp, and Threads.
Meta stock has soared more than 60% this year as investors wager Zuckerberg's big bets on AI and the metaverse will pay off in the years ahead. Zuckerberg has added about $70 billion to his net worth as a result, propelling him into third place on Bloomberg's rich list.
Year-to-date wealth gain: $74.8 billion
Net worth: $119 billion
Source of wealth gain: Nvidia stock
Jensen Huang is the founder and CEO of Nvidia, the graphics chip maker that has emerged as a critical seller of "picks and shovels" to the AI gold rush.
Nvidia's stock has surged 190% this year, boosting its market value to about $3.4 trillion and Huang's net worth by more than $70 billion.