The world's richest people have gained a record $2.2 trillion in wealth this year

PANews, December 31—According to foreign media reports, a billionaire index from an institution shows that this year, the collective wealth of the world's 500 richest people increased by a record $2.2 trillions, as all markets—from stocks to cryptocurrencies to precious metals—boomed, causing their asset values to soar. This wealth growth brought their total net worth to $11.9 trillions. Among them, tech giants led the gains, with the frenzy for artificial intelligence continuing to boost large-cap US stocks. About a quarter of all wealth growth recorded by the institutional wealth index came from just eight individuals, including Oracle (ORCL.N) Chairman Larry Ellison, Tesla (TSLA.O) CEO Elon Musk, Alphabet (GOOG.O) co-founder Larry Page, and Amazon (AMZN.O) founder Jeff Bezos. However, it is worth noting that this is a smaller contribution than last year, when these eight billionaires accounted for 43% of total gains.