this post was submitted on 27 Dec 2024
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Issues with this post/CNN article:
1 - Where is Mark Zuckerberg in the photo? He is currently the 3rd richest.
2 - The article is a year old - Musk's net worth has went up $223 billion just in calendar year 2024 alone.
So, the article is technically right (fortunes have more than doubled) but some billionaires have tripled or more.
Wealth of billionaires almost 5 years ago - Jan 1, 2020
Wealth of billionaires today - Dec 27, 2024
Just in that 5 year period Elon Musk went from $27 billion to $452 billion!
Zuckerberg almost tripled and Larry Ellison almost quadrupled!
Other non-top 5 billionaires like Michael Dell went from $30 billion to $127 billion!
Jensen Huang (founder of NVIDIA) went from $5.73 billion to $120 billion! - so his wealth multiplied by a factor of more than 20!
All of those gains posted above happened in a short 5 year period. So, saying billionaires have doubled
their net worth is technically accurate but it's not showing you the insanity of what's really going on.