this post was submitted on 01 Jan 2026
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Just eight billionaires accounted for a quarter of the gains, led by Elon Musk, Jeff Bezos, Larry Ellison and Larry Page

The richest 500 individuals in the world added a record $2.2tn to their wealth in 2025, according to the Bloomberg Billionaires Index, with just eight billionaires accounting for a quarter of the gains.

The gains increased their collective net worth to $11.9tn, bolstered by billionaire Donald Trump’s 2024 election victory and booming markets in cryptocurrencies, equities and metals.

Around a quarter of the gains were attributed to eight billionaires, including Elon Musk, Jeff Bezos, Oracle chair Larry Ellison and Alphabet Inc co-founder Larry Page, though 2024 saw more concentrated net worth gains with the same eight billionaires making up 43% of total net worth gains for the wealthiest 500 individuals in the world.

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[–] tym@lemmy.world -3 points 6 hours ago (1 children)

What an individualistic reply. You're exactly the type of person who needs to watch that video. It's not very long and does a great job at explaining why democracy (majority rules) is dangerous. Probably best not to assign everyone you meet to one of the two oligarch parties, too.

[–] Bakkoda@lemmy.world 1 points 4 hours ago

I only know they are "conservative" because they can't shut the fuck up about it. IMO it's a guilty conscience but honestly i don't care