- In 2024, the rich largely got richer as tech stocks flew and markets experienced a postelection bump.
- However, some luxury titans shed billions amid an industry downturn.
- Here are the biggest billionaire winners and losers of the year, according to their net worth.
2024 was a good year to be a billionaire.
The S&P 500 gained 25% this year, while the Nasdaq grew 33%. The uberwealthy, many of whom are invested in companies on each index, benefited greatly.
The five billionaires who gained the most wealth in 2024 saw their net worths climb a collective $542 billion, according to the Bloomberg Billionaires Index as of December 27.
These billionaires all come from the tech sector, where AI fever and a postelection rally pushed many stocks to all-time highs.
There were, though, those whose fortunes took a hit. Some billionaires whose money comes from luxury retail, which struggled this year, lost double-digit billions.
Here are the billionaires who gained and lost the most this year — and just how much their fortunes changed as of December 27.
