The World’s Richest People
Elon Musk and Larry Ellison are now the two richest people on the planet. According to the Bloomberg Billionaires Index, Musk’s net worth is around $400 billion, and Ellison’s is about $206 billion. Their massive wealth comes from owning big chunks of Tesla and Oracle, two huge tech companies.
Elon Musk’s Wealth
Musk, the CEO of Tesla, SpaceX, and X Corp, has seen his fortune grow as Tesla’s stock price shot up over 70% this year. Tesla is now worth $1.23 trillion, making it the most valuable car company in the world. Musk owns about 13% of Tesla, which is worth roughly $160 billion. His other companies, like SpaceX (valued at $350 billion) and xAI, also add to his wealth.
Larry Ellison’s Fortune
Ellison, the founder of Oracle, has built his wealth through his 40% stake in the company. Oracle’s stock has jumped 59% this year because of its focus on cloud computing and AI. The company is now worth $464 billion, and Ellison’s share is a big part of his fortune.
The Growing Wealth Gap
The gap between Musk, Ellison, and other billionaires like Jeff Bezos ($205 billion) and Mark Zuckerberg ($201 billion) is getting bigger. The tech industry, especially AI and cloud computing, is driving this wealth boom. For example, Nvidia’s CEO Jensen Huang has seen his wealth climb to $108 billion due to the demand for AI.
Why This Matters
Not everyone is happy about this. Some experts say such extreme wealth shows how unequal the world is becoming. They worry it could cause more economic and political problems. Still, Musk and Ellison’s success shows how much tech, especially AI, is changing the global economy.
