"The three wealthiest people on the planet are worth a combined $1 trillion, or about as much as Warren Buffett's Berkshire Hathaway. Tesla and SpaceX CEO Elon Musk, Oracle cofounder Larry Ellison, and Meta CEO Mark Zuckerberg had net worths of $419 billion, $349 billion, and $265 billion as of Friday's close, per the Bloomberg Billionaires Index. Together, they're worth $1.03 trillion, rivaling Berkshire's $1.07 billion market capitalization and comfortably surpassing the $800 billion-plus market values of JPMorgan, Walmart, and Oracle."
"It's striking that three individuals are worth almost as much on paper as Berkshire, a corporate behemoth that generates around $370 billion in annual revenue, employs nearly 400,000 workers, and has arguably the world's greatest living investor at its helm. Musk, Ellison, and Zuckerberg are worth so much because they're the biggest shareholders of some of the world's most valuable companies. Musk owns about 13% of Tesla and 42% of SpaceX, Ellison holds about a 41% stake in Oracle, and Zuckerberg has around a 13% stake in Meta."
Elon Musk, Larry Ellison, and Mark Zuckerberg have a combined net worth of about $1.03 trillion, with individual fortunes of $419 billion, $349 billion, and $265 billion respectively. Their wealth primarily derives from large ownership stakes: Musk holds about 13% of Tesla and 42% of SpaceX, Ellison about 41% of Oracle, and Zuckerberg roughly 13% of Meta. Oracle stock has surged over 75% this year, nearly doubling Ellison's net worth, while Meta's 29% gain added about $58 billion to Zuckerberg's wealth. Seventeen members of the $100 billion club added about $434 billion, reaching $3.2 trillion combined.
Read at Business Insider
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