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- cross-posted to:
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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.
Every “conservative” I’ve ever talked to is ready to explain the federal reserve, democracy vs republic and some other generally useless information considering the potus is a felonious rapist.
What an individualistic reply. You’re exactly the type of person who needs to watch that video. It’s not very long and does a great job at explaining why democracy (majority rules) is dangerous. Probably best not to assign everyone you meet to one of the two oligarch parties, too.
I only know they are “conservative” because they can’t shut the fuck up about it. IMO it’s a guilty conscience but honestly i don’t care