News@lemmy.worldEnglish · 22 hours ago

Billionaires added record $2.2tn in wealth in 2025

www.theguardian.com

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Billionaires added record $2.2tn in wealth in 2025

www.theguardian.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 22 hours ago

cross-posted to:
[email protected]

Just eight billionaires accounted for a quarter of the gains, led by Elon Musk, Jeff Bezos, Larry Ellison and Larry Page

Just eight billionaires accounted for a quarter of the gains, led by Elon Musk, Jeff Bezos, Larry Ellison and Larry Page

The richest 500 individuals in the world added a record $2.2tn to their wealth in 2025, according to the Bloomberg Billionaires Index, with just eight billionaires accounting for a quarter of the gains.

The gains increased their collective net worth to $11.9tn, bolstered by billionaire Donald Trump’s 2024 election victory and booming markets in cryptocurrencies, equities and metals.

Around a quarter of the gains were attributed to eight billionaires, including Elon Musk, Jeff Bezos, Oracle chair Larry Ellison and Alphabet Inc co-founder Larry Page, though 2024 saw more concentrated net worth gains with the same eight billionaires making up 43% of total net worth gains for the wealthiest 500 individuals in the world.

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21 hours ago
“Added” my ass. They STOLE $2.2tn from the working people. They literally took it out from the mouths of starving families, struggling single mothers and fathers, while providing little to no value for all their greed.

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