This year, the number of billionaires worth over $100 billion rose to 16, with Elon Musk's net worth seeing a staggering increase of $239 billion.
According to Bloomberg, Mark Zuckerberg saw his net worth rise by $85 billion this year to $231 billion, driven by significant gains in his tech holdings.
Musk's wealth is primarily derived from his ownership stakes in Tesla, SpaceX, and xAI, propelling him to near the GDP of the Netherlands.
SpaceX has positioned itself as a top rocket launch provider, with a valuation of $350 billion, primarily due to its contracts with NASA and the Pentagon.
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