These 3 tech billionaires saw the biggest wealth jump in 2023: Elon Musk, Mark Zuckerberg and Jeff Bezos have landed on a list of 10 ‘mega-billionaires’ alongside Google’s Larry Page and Sergey Brin

Sep 27 , 2023

Elon Musk, Jeff Bezos and Mark Zuckerberg are all billionaires who saw their fortunes rise the most in 2023. Photos: Xinhua, Twitter, Reuters

Tesla boss Elon Musk, Meta Platforms CEO Mark Zuckerberg and Amazon founder Jeff Bezos have seen the biggest wealth surges in 2023, based on Bloomberg Billionaires Index calculations

Google’s Larry Page and Sergey Brin, Oracle’s Larry Ellison, former Microsoft CEO Steve Ballmer and Nvidia’s Jensen Huang saw success supercharged by a stock-market rally too

As the final quarter of 2023 draws near, Elon Musk, Mark Zuckerberg and Jeff Bezos are leading a list of 10 mega-billionaires who have seen the biggest wealth surges this year, supercharged by a stock-market rally that steamrolled recession calls.

The top 10 wealth gainers of 2023 added a stunning US$397 billion to their combined fortunes year-to-date, according to calculations based on the Bloomberg Billionaires Index.

Tesla boss Elon Musk’s net worth has increased by US$99 billion in 2023. Photo: AFP

Musk, whose life was chronicled in a biography published recently, saw the steepest jump in net worth with a US$99 billion increase to US$236 billion, cementing his position as the world’s richest person. That corresponded with a 107 per cent surge in the stock price of his electric car company Tesla.

The billionaire owns around 13 per cent of the EV maker and holds over 300 million exercisable options – as such, his personal fortune is inextricably tied to the stock-market performance of the firm.

Meta Platforms CEO Mark Zuckerberg’s net worth has increased by US$61.9 billion in 2023. Photo: AFP

Zuckerberg ranked No 2 on the list of wealth gainers, with a US$61.9 billion increase in his riches to US$108 billion. The increase was fuelled by a 151 per cent year-to-date rally in the stock of his firm Meta Platforms.

Jeff Bezos came third, adding US$46.5 billion.

Also on the list were Google founders Larry Page and Sergey Brin, Oracle’s Larry Ellison, Nvidia’s Jensen Huang, former Microsoft CEO Steve Ballmer, Michael Dell and Spanish tycoon Amancio Ortega, who owns fast fashion giant Zara.