2024 Global Billionaires List: Total Net Worth of Top 500 Exceeds $10 Trillion for the First Time, Wealth of Billionaires in the Crypto Sector Soars
In 2024, the total wealth of the top 500 richest people on the global billionaires list reached a new milestone, surpassing the $10 trillion mark.
Among this growth, the wealth increase of tech billionaires is particularly significant. Tech leaders such as Elon Musk, Mark Zuckerberg, and Jensen Huang topped the list, collectively increasing their wealth by $903 billion.
After Trump's election victory, Bitcoin first broke the $100,000 mark, and the digital asset market also experienced a historic surge, significantly boosting the wealth of billionaires in the cryptocurrency sector.
Notably, leading figures in cryptocurrency, such as Binance founder Changpeng Zhao (CZ), saw their wealth grow by 60% to $55 billion; Coinbase co-founder Brian Armstrong's wealth increased by over 50% to $11.1 billion. This change not only reflects the strong momentum of wealth accumulation in the tech and cryptocurrency sectors but also highlights the dynamic changes in global wealth distribution and new development trends.
Against this backdrop is the rise of most global stock markets, particularly the strong rebound of U.S. tech stocks, which propelled the soaring wealth of these billionaires. On the day of Trump's election, it also fueled a surge in U.S. stocks; the S&P 500 index not only reached a historic high on the first day after the election but also surged over 2.53%, marking the best post-election day performance in history. Moreover, within five weeks after the election, the total net worth of billionaires increased to $505 billion, accounting for 34% of the annual increase.
These data not only reveal the trend of wealth concentration globally but also highlight the increasing influence of the tech and cryptocurrency industries in the global economy. As wealth continues to accumulate and distribute, the dynamics of the global billionaires list will continue to attract close attention.
With the concentration of wealth and the rise of the tech and cryptocurrency sectors, we cannot help but ponder what profound impacts this trend will have on the development of the global economy and social structure. What does it mean for ordinary people? Is it a new opportunity or serious class division?