Richest 500 people rebound with $1.5 trillion gain in 2023
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The world's 500 wealthiest individuals saw their combined net worth skyrocket by $1.5 trillion in 2023, according to the Bloomberg Billionaires Index. This impressive growth was fueled by a 48% increase in tech billionaires' fortunes, totaling $658 billion, largely due to the excitement surrounding artificial intelligence. Elon Musk reclaimed his position as the world's richest person from Bernard Arnault, CEO of French conglomerate LVMH. Musk's net worth now surpasses Arnault's by over $50 billion.