The wealth of ten American tech millionaires increased by 360 billion a day, and Bezos earned 6.4 billion more than Musk.
Beijing, Nov. 11 (Xinhua) American tech billionaires have just had their best day ever. As the stock market soared on Thursday, their wealth increased by $59 billion (424 billion yuan), a record one-day increase.
▲ Bezos Wealth soared $10.5 billion Thursday in the u.s. stock market, with the s & p 500 up 5.5% and the NASDAQ 7.5%. This comes after US data showed that inflation fell more than expected in October, sparking bets that the Fed might stop raising interest rates sharply. Hard-hit technology stocks led the stock market higher this year.
The wealth of ▲ US tech tycoons rose by $59 billion a day. Amazon founder Jeff Bezos was the biggest winner, with his net worth rising by $10.5 billion to $119.6 billion, according to the Bloomberg Billionaires Index. Earlier reports that his successor, Amazon CEO Andy Jassy, was looking for ways to cut costs sent Amazon's shares soaring 12%, the biggest increase since February.
Musk ranked second in terms of wealth growth. His net worth rose by $9.6 billion to $183.8 billion on Thursday, making him still the richest man in the world. Steve Ballmer (Steve Ballmer), former CEO of Microsoft, increased his net worth by $5.9 billion. Google founders Larry Page (Larry Page) and Sergey Brin (Sergey Brin) increased their wealth by $5.3 billion and $5.1 billion, respectively.
