Reported 5 days ago
In 2024, billionaires generally thrived as tech stocks soared following a postelection rally, with Elon Musk almost doubling his fortune to reach $468 billion. Other major winners included Mark Zuckerberg and Jensen Huang, while luxury brand magnate Bernard Arnault suffered the largest loss, shedding $31 billion due to a downturn in the luxury market. Overall, the stark contrast between tech sector winners and luxury brand losers highlighted the economic shifts of the year.
Source: YAHOO