TSLA - Musk Bezos Buffett Get Richer Rest Of World Gets Poorer: Here's A Look At Wealth Inequality Over Last 3 Years | Benzinga
A strong stock market in 2023 helped boost the wealth of the world's richest people.
However, a new report shows that most people are working longer hours for less money.
What Happened: According to Oxfam, the top five richest people gained 114% in wealth over the past three years.
The five billionaires used in the report are:
- Tesla Inc (NASDAQ:TSLA) CEO Elon Musk
- LVMH (OTC:LVMHF)(OTC:LVMUY) CEO Bernard Arnault
- Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos
- Oracle Corporation (NYSE:ORCL) Executive Chairman Larry Ellison
- Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) CEO Warren Buffett
The top 10 richest people in the world were worth $1.47 trillion at the end of 2023. They added $465.4 billion to their wealth during the year. Their wealth also grew three times faster than inflation.
As Benzinga previously reported, the $465.4 billion gain by the top 10 richest people was more than the entire market capitalization of Walmart Inc, Samsung, Broadcom, ...