Explore The News $852 Billion Surge Lead By Zuckerberg!!
- Every member of the Bloomberg Billionaire Index has supposedly made $14 million per day in the last six months, as per the report compiled by Bloomberg.
500 of the wealthiest people in the world have already added $852 billion to their existing fortunes in the first half of 2023.
Every member of the Bloomberg Billionaire Index has made an average of $14 million daily in the first six months of 2023. This was reported via compiled data by Bloomberg.
It is known to be one of the best first halves of the year for billionaires ever since the last half of 2020 when the economy faced a significant challenge from a Covid-induced slump.
The profits coincided with a comprehensive stock market rally, as investors turned down the effects of the central bank rate of interest hikes, the Russia-Ukraine war, and a crisis in regional banks.
A 16% rise in the S&P 500 and the Nasdaq 100 surge of 39% for the best first half ever, as investor mania boosted tech stocks over artificial intelligence.
While Mark Zuckerberg and Elon Musk flirted with scheduling a cage match, the CEO of Tesla Inc. topped the charts in dollar terms. Already the wealthiest person in the world, Musk added $96.6 billion to his net worth by June 30th, 2023. However, Zuckerberg, the CEO of Meta Platforms Inc., profited $58.9 billion.
Although, the net worth of Gautam Adani sank the most in the six months, where he lost $60.2 billion. The Chairman of Adani Group, Gautam Adani, also posted one of the most significant one-day losses that any billionaire ever incurred, losing about $20.0 billion on January 27th, after his conglomerate was accused of stock manipulation and accounting fraud by Hindenburg Research.
However, for Must, the profit gains spilled over in July as Tesla shares escalated 6.9% on Monday in New York, additionally pinning $13 billion to his fortune.