AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025
Elon Musk’s net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gains
TL;DR
- The wealth of the top 10 US tech founders and bosses increased by over $500 billion in the past year, reaching nearly $2.5 trillion.
- Elon Musk's net worth grew by almost 50% to $645 billion, partly due to his AI company xAI.
- Nvidia CEO Jensen Huang saw his fortune increase by $41.8 billion, reaching $159 billion, as his company's chips are crucial for AI development.
- Google co-founders Larry Page and Sergey Brin also experienced significant wealth increases due to investor confidence in the company's AI progress.
- The Bank of England has warned of a potential 'sudden correction' in global markets due to stretched valuations in AI-focused technology companies.
- Other notable gainers include Bernard Arnault of LVMH and Amancio Ortega of Inditex.