Musk, Huang, and more billionaires whose wealth grew most in 2024
2024 was a significant year for the wealthiest individuals in the world, with the stock market reaching new highs. The S&P 500 hit more than 50 record highs over the year, bringing substantial financial gains to investors and individuals with large stakes in leading global companies, particularly in the tech sector.
Sergey Brin
Sergey Brin, mainly known for co-founding Alphabet, the holding company behind Google, saw a significant increase in wealth in 2024. Brin owns approximately 6% of Alphabet through Class B and Class C shares. Since Google's IPO in 2004, he has sold over $10 billion worth of shares. As of December 29, Brin's net worth stands at around $161 billion, marking a year-to-date increase of over $41 billion, or about 34%.
Larry Page
Similarly, Larry Page, another co-founder of Google and Alphabet, has witnessed a notable surge in wealth. Page, who owns about 6% of Alphabet through Class B and Class C shares, has been an early investor in companies like Tesla Motors, Planetary Resources, and robotics firm Verity. As of the latest data, Page's net worth is approximately $171 billion, reflecting a year-to-date increase of nearly $45 billion, or over 35%.
Michael Dell
Michael Dell, the CEO of Dell Technologies, has also experienced a substantial growth in wealth. With a significant ownership stake in Dell Technologies, Dell's wealth is derived from his company's performance and strategic investments. As of the latest reports, Dell's net worth is approximately $127 billion, showing a year-to-date increase of $48.6 billion, or almost 62%.
Walton Family
The Walton family members, including Jim, Alice, and Rob Walton, have seen a remarkable surge in wealth in 2024 due to their ownership of Walmart, the company founded by their father. Each member of the Walton family is a billionaire in their own right, with Jim Walton worth $114 billion, and both Rob Walton and Alice Walton worth $111 billion each. The entire Walton family is estimated to be worth over $432.4 billion, making them the wealthiest family globally.
These billionaires have capitalized on the market trends and strategic investments to significantly increase their wealth in 2024.
