The world's 6 richest people are closing in on a $1 trillion combined net worth after the stunning rally in stocks this year
, after Amazon posted robust second-quarter earnings on Friday. His personal fortune swelled by over $11 billion on Friday, lifting its total increase this year to over $57 billion.. Like Musk, his personal fortune is closely tied to the stock-market performance of his company. It's a similar story for Gates and Microsoft, Ellison and Oracle, Buffett and Berkshire Hathaway, and Arnault and LVMH.
More broadly, all of the world's 17 richest people have seen their individual net worths increase this year, largely thanks to the stock market's gains in recent months. These figures can fluctuate wildly, though. For example, when Tesla shares hit an all-time high in November 2021, Musk's net worth was estimated at $340 billion. But just eight months later it fell to $125 billion, earning the serial entrepreneur a Guinness World Record for losing the most amount of money in a year.
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