Despite Economic Recession...Teen Billionaires' Assets Increase by 247 Trillion Won

Arnaud Chairman's Wealth Increases by 61 Trillion Won, the Largest Surge

Amid a global economic tightening effort during the economic downturn in South Korea, the assets of the world's top 10 billionaires have increased by nearly 247 trillion won over the past year.

Bernard Arnault, Chairman of Louis Vuitton Mo?t Hennessy (LVMH).
[Image source=Reuters Yonhap News]

According to Bloomberg Billionaires Index on the 27th (local time), the combined assets of the top 10 billionaires worldwide, including Bernard Arnault, chairman of Louis Vuitton Moet Hennessy (LVMH), increased by $184.4 billion (approximately 246.82 trillion won) over the past year.

Arnault, who surpassed Tesla CEO Elon Musk to become the world's richest person at the end of last year, saw his assets increase by $45.5 billion (about 61 trillion won). Meanwhile, Musk, who lost the most assets in history last year, saw an increase of $24.8 billion. This was due to Tesla's stock price, which had been in a free fall last year, rebounding sharply this year, boosting the value of his shares.

Jeff Bezos, founder of Amazon and ranked third, saw his assets increase by $26.5 billion, while Bill Gates, founder of Microsoft (MS), saw an increase of $13.2 billion.

Other billionaires ranked 5th to 10th, including Warren Buffett, chairman of Berkshire Hathaway ($8.8 billion), Larry Ellison, founder of Oracle ($13.6 billion), Steve Ballmer, former MS CEO ($20.6 billion), Google co-founders Larry Page ($16.2 billion) and Sergey Brin ($15.4 billion), and Fran?oise Bettencourt Meyers, granddaughter of the founder of L'Or?al ($23.1 billion), also saw their assets increase.

Although not in the top rankings, Mark Zuckerberg, CEO of Meta, saw his assets increase by $41.7 billion, making him the second-largest asset gainer after Arnault. Zuckerberg's assets surged by $10.2 billion in a single day. This is the third-largest daily asset increase in history for him.

[Image source=Reuters Yonhap News]

After Meta released surprising first-quarter earnings following the previous day's market close, the stock price jumped nearly 14%, boosting the value of Zuckerberg's 13.5% stake in Meta (as of the end of last year). As of that day, Zuckerberg's total assets reached $87.3 billion, moving him up one rank to 12th place in the asset rankings compared to the previous day.

This content was produced with the assistance of AI translation services.