News

Billionaires Elon Musk, Gates others gain $115B in November

High-profile billionaires including Elon Musk, Jeff Bezos, and Bill Gates witnessed substantial gains totalling $115 billion in their stock portfolios in November.

According to a report by Forbes, the cumulative fortunes of the world’s top ten wealthiest individuals experienced an impressive uptick of nearly $115 billion, marking a remarkable 9% increase.

This surge was primarily fueled by the appreciating values of diverse stocks, encompassing notable companies like Tesla and Alphabet. 

As of December 1, Forbes indicates that the combined net worth of the world’s top 10 richest individuals stands at a noteworthy $1.44 trillion, showcasing a significant rise from the $1.32 trillion recorded just a month prior. 

It is worth noting that the entirety of the top ten wealthiest individuals as of December 1 is comprised of male figures, each boasting a net worth exceeding $100 billion. 

What you should know 

 Elon Musk, the CEO of Tesla and currently the world’s wealthiest person, experienced the most significant gain in the past month, with a nearly 17% surge in Tesla’s stock price, propelling his fortune to $245 billion—a $28 billion increase. 

For a significant portion of 2023, French luxury magnate Bernard Arnault held the title of the world’s richest person. However, Elon Musk reclaimed the top spot on June 8, 2023.

As of December 1, Arnault maintains the second position, with an estimated net worth of $191 billion, up from nearly $178 billion at the beginning of November. Arnault, serving as the CEO and chairman of LVMH, has cultivated the conglomerate into a powerhouse with over 70 renowned brands. 

Among the top ten billionaires, software tycoon Larry Ellison of Oracle experienced the second-highest gain in November, with a $15.6 billion increase in his net worth.

This surge was propelled by a nearly 10% rise in Oracle shares. Ellison currently holds the fourth position, with a net worth of $146 billion, trailing Amazon founder Jeff Bezos by approximately $22 billion. 

The fortunes of Microsoft co-founder Bill Gates (ranked No. 6) and former CEO Steve Ballmer (No. 8) were also boosted in November, thanks to a nearly 10% surge in Microsoft shares.

Gates, having diversified a significant portion of his Microsoft stock, additionally contributed tens of billions of Microsoft shares to The Bill & Melinda Gates Foundation. 

Since 1987, Forbes has meticulously monitored the world’s billionaires, with this year’s annual list featuring 2,640 individuals.  

Related Posts

🚨BREAKING NEWS🚨 Ariana Grande shows rare PDA with boyfriend Ethan Slater as they hug on red carpet at NYC premiere of Wicked

Ariana Grande shared rare PDA with her boyfriend Ethan Slater at the New York City premiere of Wicked on Thursday night. The singer, 31, and the Broadway player, 32, both star in the highly-anticipated film adaptation of the Broadway musical and began dating after meeting on the film’s London set nearly two years ago. The couple have faced affair rumors as they went public with their romance shortly after their respective divorces in 2023.

🚨BREAKING NEWS🚨 Taylor Swift and Travis Kelce make decision on $6 million Kansas City home after terrifying raid

Taylor Swift and Travis Kelce ‘are not taking any chances’ going forward after the Kansas City Chiefs star’s mansion was burglarized last month, sources have revealed. Kelce, 35, and his teammate Patrick Mahomes’ properties in Kansas City were both targeted by thieves in early October. The break-in at Kelce’s lavish $6million home in Leawood, Kansas was raided on October 7 – the same day the Chiefs beat the New Orleans Saints at Arrowhead while Swift, 34, watched on from the stands.

Obviously I’m a nepo baby, I couldn’t help how I was born, says Brooklyn Beckham as he weighs in on criticism in a dashing shoot for Grazia

Brooklyn Beckham has weight in on the criticism nepo babies, like himself, receive as he graced the front cover of Grazia magazine. On multiple occasions the eldest son of Victoria and David Beckham, 25, has been accused of using nepotism to his advantage in his career. But the aspiring chef, hot sauce brand owner, entrepreneur and photographer has simply put the record straight.

Miami-bound flight crosses Atlantic but then turns around at the Canadian border and begins to return to Europe

A Stockholm-to-Miami flight was forced to turn around and head back to Europe after it experienced extreme turbulence over Greenland. The Scandinavian Airlines flight, which was supposed to take over nine hours, was almost complete when it was forced to make a U-turn and head all the way back following the alarming situation on Thursday. The aircraft returned to a base in Copenhagen to undergo checks and root out technical issues.

Did Temu put Homebase on life support? How DIY brand was hit by cheap Chinese retailers and fierce competition from Wickes and B&Q – as firm is handed last-minute reprieve

Homebase has faced tough competition in a crowded market that has intensified since budget Chinese marketplaces have entered the fray, retail experts said today. The DIY chain faces an uncertain future after years of pressure from rivals with similar product ranges such as B&Q, Wickes, B&M, The Range and Home Bargains. Homebase has also fought for business with online marketplaces such as Temu offering heavily discounted consumer goods mostly shipped directly from China.

Stolen valour ‘war hero’ exposed: Soldier, 61, who posed in full military regalia at Remembrance service has web of lies uncovered by ‘Walter Mitty Hunters Club’

An army veteran posing as a retired elite soldier who served during the Falklands at a Remembrance service has admitted fabricating his military background in an act of ‘stolen valour’. Mick Carling, 61, placed himself at the heart of commemorations in Malton, North Yorks, in full military regalia – with medals pinned to his chest that he had no right to wear. Carling claimed that his service included a period in the Parachute Regiment during the Falklands War and the Pathfinder platoon in Afghanistan, during a career which spanned from 1979 to 2000.

Leave a Reply

Your email address will not be published. Required fields are marked *