The American Tech Billionaires Who Gained The Most In 2023 | Forbes

Artificial intelligence and massive cost cutting drove up tech fortunes by $280 billion. But some people did much better than others, as just four techies, including Nvidia’s Jensen Huang, rose a combined $250 billion.

Last year, America’s richest tech billionaires were reeling. They had lost a collective $315 billion in wealth as interest rates soared and markets turned bearish about the once high-flying sector.

A year later, they’ve nearly made it all back.

The tech tycoons on the 2023 Forbes 400 list of the wealthiest people in the U.S. have gained a combined $300 billion in net worth since fall 2022, largely thanks to a wave of investor enthusiasm for artificial intelligence. In all, 69 members of The Forbes 400 made their fortunes in technology, compared to 65 last year. More than three-fourths of them are richer than they were in 2022.

AI optimism has swung markets much in the same way the internet did in the 1990s and the cloud did in the 2010s. The stock prices of tech giants such as Oracle, Alphabet, Meta, Amazon, Microsoft and Dell, which are becoming increasingly reliant on AI, have reflected that enthusiasm and, in turn, inflated their leaders’ net worths. In fact, 30% of The Forbes 400’s total $500 billion gain in wealth over the past 12 months came from just four people: Oracle cofounder Larry Ellison, Meta cofounder Mark Zuckerberg, Nvidia cofounder Jensen Huang and Dell Technologies founder Michael Dell.

Nothing embodies the AI surge better than Huang’s Nvidia, the graphics chip giant that powers the majority of AI systems. The company’s shares soared 234% since last fall—pushing Nvidia past a trillion-dollar market capitalization in June and dwarfing the Dow Jones Industrial Average’s 10.4% increase, the S&P 500’s 13.6% rally and the Nasdaq’s 18.3% jump. In doing so, cofounder and CEO Huang’s net worth jumped 216%, the biggest percentage gain of anyone on The Forbes 400, landing him among America’s 20 richest people for the first time, at No. 17. Huang, who was worth $12.9 billion last year, is now worth an estimated $40.7 billion.

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[juliussugiharto]

luv to see host talking + video combine at forbes again.

[imrenedob]

Boldog szep napot kivano❤ Nagyon szepen koszonok❤❤❤❤❤

[sharonpalmer]

NOBODY CAN JUST ADMIT SHE IS LOVELY SHE DONT TALK DOWN TO PEOPLE WATCH HER WITH THE SCHOLASTIC BOOK ORGANISATION SHE IS SO ENGAGING SHE TALKS TO THEM ABOUT LEARNING AND IS SO HAPPY AND JOYFUL SHE REMEMBERS THEIR NANES IT IS SUCH A DELIGHT TO SEE SOMEONE LIKE THIS WHEN THE WHOLE WORLD ARE FULL OF NASTY PEOPLE SHE LOVES HER WORK TALK ABOUT HER WRITING SHE BEAMS

[Carljoos-jv]

PENSAR COMO UM BILIONÁRIO PENSO E ACONTECE Bob Proctor

[sakurachristineito]

Wow so many of the gains were linked to AI

[danieljohnson]

AI is like the Computer Revolution and the 3rd Industrial Revolution (oil and electricity).

[happyatheists]

Clam and pretty lady, we need more host like this

[sharonpalmer]

Tayla swift don’t say anything to her fans about anything but her music leave her alone it’s all u people who are jealous and have to hurt other people when u don’t understand something

[sharonpalmer]

SHE DONT NEED THEM TO DO ANYTHIG TO EARN HER MONEY SHE IS A BILLIONAIRE

[black_baron_net]

🏴‍☠BLACK BARON🏴‍☠ iAm no property of any tech billionaire company. AI = Cost reduction and human resources reduction, that's AI/KI.

[kjam]

With ALL of those Billion's, not one penny can get you into Heaven!
With ALL of those Billion's, why are there homeless people on the streets in the cities where Billionaire's live?
With ALL of those Billion's, why do kids go to bed hungry where they live?
With ALL of those Billion's, has ANY of these Billionaire's reached out and helped anyone who needed?

You know who else is going to asked these same questions?
God!
Before ANY of you respond to what I just Posted.
Take it up with God first.
I'm just a messenger!