His wealth soared to $245.5 billion at the end of November, up 737% from March 2020, after accounting for inflation.
Amazon founder Jeff Bezos had a fortune of $167.4 billion, up 24%; while Oracle founder Larry Ellison’s wealth totaled $145.5 billion, up 107%.
US billionaires, many of whom derive their wealth from the equity in the companies they lead, are $1.6 trillion richer.
Seven out of 10 of the world’s largest public companies have either a billionaire CEO or a billionaire as its principal shareholder.
What’s more, the top 1% holds 43% of the world’s financial assets, according to Oxfam, drawing on data from Wealth X.
Persons:
Nabil Ahmed, ” Ahmed, Elon Musk, Bernard Arnault, Jeff Bezos, Larry, Warren Buffett, Amitabh Behar
Organizations:
CNN, Forbes, Oxfam, Workers, Tesla, SpaceX, Amazon, Oracle, Berkshire Hathaway, Wealth, Oxfam International’s
Locations:
Davos, Switzerland, United States, Asia, Europe, “