\u00a0<\/p>\n
The world\u2019s 500 richest people saw their fortunes explode by $2.2 trillion last year, a gain Oxfam claims could lift 3.8 billion people out of poverty.<\/p>\n
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The collective fortune of the world\u2019s 500 wealthiest individuals has reached an unprecedented $11.9 trillion, following a year in which their combined net worth surged by a record $2.2 trillion.<\/p>\n
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According to the latest data from the Bloomberg Billionaires Index, the primary catalyst for this historic accumulation was the “Trump Trade.”<\/p>\n
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Donald Trump\u2019s 2024 election victory triggered a massive rally across global equity markets, cryptocurrencies, and precious metals, providing a vast windfall for those with high-exposure portfolios.<\/p>\n
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The data reveals a stark concentration of capital at the very summit of the index. Approximately one-quarter of the total $2.2 trillion increase was captured by just eight individuals.<\/p>\n
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Elon Musk: Cemented his position as the world’s richest man, with his assets soaring by $190 billion to reach a staggering $622 billion.<\/p>\n
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Larry Ellison: The Oracle founder saw his wealth climb by $57.7 billion to a total of $249 billion.<\/p>\n
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Gina Rinehart: The Australian mining magnate proved a major winner outside of tech, nearly tripling her fortune to $37.7 billion through a strategic pivot into rare-earth metals.<\/p>\n
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