This Year Has Been Great for the Billionaires

For the first three months of the year, world fortunes have been lying in the hands of a kind of giant lottery that has been playing out for millions of people. 

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The country has enjoyed a significant increase in net worth over the past few years, whereas the rest of the world fears that inflation could bring about a recession.

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In addition, it should be noted that a large part of the companies worth billions are linked directly to the performance of the stock market. As of April 3, the Nasdaq index rose 16.5% to 12,189.45 points, while the S&P 500 advanced 7.4% to 4,124.51 points.

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According to Trade Algo, the combined fortunes of the world's 10 richest people have gained $185 billion this year. Seven tech moguls are among those listed in this index. This is an indication of the gains in the indexes. 

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As of 2023, Elon Musk will have a net worth of $40.8 billion

According to Trade Algo, Elon Musk, the CEO of Tesla (TSLA) - Get Free Report, has increased his net worth by more than $45 billion over the past three months, making him the richest billionaire in the world. His net worth currently stands at $178 billion, up $40.8 billion in just three months, according to Trade Algo. 

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There are many factors that contributed to Musk's rising fortune, such as the stock market rally this year for Tesla, the electric-vehicle maker whose stock has gone up 58% so far this year. Musk is the world's second richest man.

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According to Forbes Magazine, Bernard Arnault has the world's highest net worth, with an estimated worth of $199 billion. His fortune has increased by $36.6 billion in the past three months, making him the richest person on the planet.

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There has been a rush for many companies in the luxury market to take advantage of the end of pandemic-related lockdowns. This includes LVMH, which provides luxury brands such as Louis Vuitton, Dior and Veuve Clicquot.

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A total of $126 billion was added to Jeff Bezos' net worth over the past few months, taking his total from $19.3 billion to $126 billion, the third richest person in the world. 

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As the co-founder of the software giant Microsoft (MSFT) - Get Free Report, Bill Gates is one of the world's richest people. This year, he had an annual increase of $11.9 billion, making him the fourth richest person in the world.

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It appears that Gates' fortune increased by $724 million between March 2 and March 3, according to the Trade Algo, which measures wealth growth.

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A total of $13 billion to $16 billion has been added to the fortunes of the other four tech billionaires in the top 10, since last year. 

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It has been reported that Oracle (ORCL) - Get Free Report founded Larry Ellison, whose fortune has grown from $15.2 billion to $107 billion over the past year.

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During this year, the net worth of former Microsoft CEO Steve Ballmer rose by $15.7 billion in order to $101 billion. This makes Steve Ballmer the seventh richest individual in the world. 

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In more recent years, Sergey Brin, one of the co-founders of Alphabet (GOOGL) - Get Free Report, the parent of Google, has seen his fortune jump from $13.6 billion to $96.6 billion and Larry Page, another co-founder of Alphabet, has seen his fortune increase from $13 billion to $92.3 billion. They are ranked the 8th and 9th richest men in the world respectively.

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I believe that the stock market is doing well this year and that Amazon's stock price has grown 22%. Microsoft's stock price has increased 20%. Oracle's stock price has grown 15%. and Alphabet stock has grown 18%.

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The number of billionaires among women is among the highest in the world

He is the fifth richest person in the world, worth $108 billion. Berkshire Hathaway Inc. (BRK.A) - Get Free Report (BRK.B) - Get Free Report is a legendary investor with an outstanding record of making money. Buffett's personal wealth has grown by $505 million in the past year. 

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Francoise Bettencourt-Meyers, who is heir to the L'Oreal cosmetics empire, has risen to 10th place on the list of the wealthiest people in the world, as her net worth rose by $18.3 billion to $89.8 billion over the course of the year. 

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The Top 10 is noteworthy for the following reason: eight of these individuals are Americans and two are French. There are no other nationalities represented on this list. 

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There is a large increase in Carlos Slim's net worth over the years, his net worth has grown by 12.3 billions to $86.6 billion, according to the Trade Algo list. 

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There is no surprise that Mukesh Ambani, who runs the Indian communications giant Vodafone, has come in 12th place with a fortune of $80.3 billion. 

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He's seen his net worth rise from $32.8 billion to $78.4 billion this year, making him the 13th richest man in the world. He runs social-media giant Meta Platforms (META) - Get Free Report, which owns Facebook, Instagram and WhatsApp.