World's 500 richest people surpass $10 trillion in combined wealth for the first time

The world's 500 richest people have seen their combined wealth exceed $10 trillion for the first time, driven by a surge in technology stocks in 2024, according to the Bloomberg Billionaires Index. Elon Musk topped the list with a personal fortune of $442.1 billion, gaining $213 billion this year. Mark Zuckerberg and Jensen Huang also saw significant increases in their wealth, with Zuckerberg adding $81 billion and Huang $76 billion. In contrast, several luxury goods billionaires, including Bernard Arnault and Françoise Bettencourt Meyers, lost a combined $71 billion due to a slowdown in consumer spending. E-commerce mogul Colin Huang also faced a $18 billion loss after a disappointing earnings report.