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Sunday, 11 October 2026

A.I. Boom: Only Tech Billionaires Got Richer This Year

Trending Topics 3 days ago 22

Tech billionaires increased their combined wealth by $845 billion in the first nine months of 2026, while other billionaires collectively lost $62 billion, according to the Bloomberg Billionaires Index. Elon Musk’s net worth rose by $310 billion from January through September, making up about 40% of the top 500’s total gains. The result is a more concentrated tech-wealth picture that is drawing wealth-tax proposals in California and several other U.S. states and weakening some AI-linked bets such as Oracle’s $196 billion loss.

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