Benzinga - by Bibhu Pattnaik, Benzinga Staff Writer.
The year 2023 has witnessed a significant surge in the stock market, leading to a remarkable increase in the wealth of several U.S. billionaires.
What Happened: Prominent figures such as Elon Musk of Tesla Inc., Mark Zuckerberg of Meta Platforms Inc., and Jeff Bezos of Amazon.com Inc. have seen substantial gains in their net worth.
As per a recent report by Business Insider, the top 10 billionaires in the U.S. have collectively added an impressive $456 billion to their wealth in 2023, starkly contrasting the losses they experienced during the bear market in 2022.
Technology stocks have predominantly driven the growth in wealth, with many billionaires investing in tech companies.
The S&P 500 and Nasdaq 100 indices have shown remarkable performance, with increases of over 20% and 50% year-to-date, respectively.
The list of top gainers in 2023 includes:
- Elon Musk: Net Worth - $225 billion, 2023 Gain - $87.8 billion
- Mark Zuckerberg: Net Worth - $118 billion, 2023 Gain - $72.7 billion
- Jeff Bezos: Net Worth - $171 billion, 2023 Gain - $64.1 billion
- Steve Ballmer: Net Worth - $128 billion, 2023 Gain - $42.2 billion
- Larry Page: Net Worth - $124 billion, 2023 Gain - $40.7 billion
- Sergey Brin: Net Worth - $117 billion, 2023 Gain - $37.9 billion
- Also Read: As US Debt Crisis Deepens, 'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Looming Economic Peril: 'America Is In Serious Trouble Financially'
- Larry Ellison: Net Worth - $128 billion, 2023 Gain - $36.1 billion
- Jensen Huang: Net Worth - $41.4 billion, 2023 Gain - $27.6 billion
- Bill Gates: Net Worth - $134 billion, 2023 Gain - $25.0 billion
- Michael Dell: Net Worth - $70 billion, 2023 Gain - $21.5 billion
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock
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