AI-Summary – News For Tomorrow
The combined wealth of Elon Musk, Larry Ellison, and Mark Zuckerberg nearly matches the market capitalization of Berkshire Hathaway, Warren Buffett’s corporate giant. Their $1.06 trillion is fueled by their significant stakes in Tesla, SpaceX, Oracle, and Meta. While Musk’s wealth has slightly decreased this year, Ellison and Zuckerberg have experienced substantial gains due to surging stock prices, particularly boosted by investor optimism surrounding AI. This trend extends to other ultra-wealthy individuals, with the 17 members of the $100 billion club adding nearly $500 billion to their collective fortune. Oracle’s stock price, for instance, jumped after projecting rapid revenue growth driven by AI demand.
News summary provided by Gemini AI.
The three wealthiest people on the planet are worth a combined $1 trillion, about as much as Warren Buffett’s Berkshire Hathaway.
Together, they’re worth $1.06 trillion, virtually matching Berkshire’s market capitalization and comfortably surpassing the $800 billion-plus market values of Oracle, JPMorgan, and Walmart.
It’s striking that three individuals are worth as much on paper as Berkshire, a corporate behemoth that generates about $370 billion in annual revenue, employs nearly 400,000 workers, and has arguably the world’s greatest living investor at its helm.
Musk, Ellison, and Zuckerberg are worth so much because they’re the biggest shareholders of some of the world’s most valuable companies. Musk owns about 13% of Tesla and 42% of SpaceX, Ellison holds about a 41% stake in Oracle, and Zuckerberg has about a 13% stake in Meta.
The trio clear the $1 trillion mark because they’ve hugely increased their wealth as a group. While Musk’s fortune has shrunk by about $4 billion this year to date, Ellison’s net worth has nearly doubled, surging by $167 billion as Oracle stock has soared over 80% since January 1. Zuckerberg’s wealth has jumped by $61 billion, fueled by Meta stock’s 30% gain in 2025.
Most ultrawealthy people have also grown substantially richer this year. The 17 members of the $100 billion club have added a net $486 billion to their joint fortunes, boosting their combined wealth to around $3.3 trillion at Monday’s close — a figure greater than the market values of Alphabet or Amazon.
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Musk, Ellison, and Zuckerberg have seen their fortunes balloon in recent years thanks to investor optimism around AI’s potential to slash corporations’ costs and supercharge their profitability.
Oracle’s stock price climbed as much as 43% last Wednesday alone, lifting the company’s market value by nearly $300 billion at its peak, after it projected rapid revenue growth fueled by AI demand.
Musk purchased about $1 billion worth of Tesla stock on Friday, signaling he likes his chances.
