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.

  • CharlesDarwin@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    ·
    3 days ago

    I think this is exactly why the likes of Thiel stroke off to things like the book The Sovereign Individual. Or get giddy when they hear the ramblings of that idiot Curtis Yarvin.

    They imagine a world where they can put their wealth entirely beyond the reach of anyone, no matter what. They think that government is just about buying protection/services at the lowest cost in order to preserve wealth, and they should pay nothing above that.

    That’s the basic thrust of The Sovereign Individual, really - that the wealthy “creatives” LOL are having all their gains stolen to support people that are just unworthy and they are paying way too much to the “welfare state”, etc. The “sovereign individual” should be able to pick up their money and go anywhere that is willing to offer up their “services” at the very lowest cost, and with things like digital currency, no nasty governments should be able to get at that money - ironically, these people are basically talking about “open borders”, but only for the very high-performing people, the people they naturally assume are themselves, of course. Everyone else should be stuck in increasingly failed high-tax welfare states where there is no one else to “exploit” by taxation, etc…

    They live in constant fear that a population may actually wake the fuck up, and actually elect people that can do something about all those ill-gotten gains and undue influence and dream about a scenario where they can just float wherever and no one is allowed to touch their precious.