Top 3 Billionaire Gainers & Losers 2024

In 2024, various factors influenced the net worth of billionaires, including the Al boom, the Federal Reserve’s interest rate cuts, and Donald Trump’s victory in the U.S. presidential elections. Here are the top three gainers and losers among billionaires this year, since March 8. Net worths as of November 21, before the U.S. market opened.

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Top Gainers

1 Elon Musk

Change since March 8: $120.7 billion

Net worth: $315.7 billion

Citizenship: U.S.

Musk climbed one position to be the richest person in the world, pocketing $120.7 billion since March 8, 2024, and bringing his net worth to $315.7 billion. Musk became the top gainer among billionaires as the share price of the electric car maker Tesla hiked by 93.7% between March 8 and November 21, bringing it to $339.6 and the market cap to over $1.1 trillion. Tesla crossed the $1 trillion threshold on November 8, 2024, for the first time since early 2022, as Musk-backed Donald Trump secured a second presidential term and Musk saw his net worth top $300 billion on the day for the first time in more than two years. During the 16 days following the U.S. presidential elections on November 5, 2024, and Trump's victory, Tesla's stock price surged by 35.1%. On November 12, Trump enlisted Musk, a key campaign supporter, and Vivek Ramaswamy, a billionaire political activist and investment analyst, to lead the newly established Department of Government Efficiency. Musk has cofounded seven companies, including Tesla, rocket producer SpaceX, and artificial intelligence startup xAl.

2 Larry Ellison

Change since March 8: $92.2 billion

Net worth: $233.2 billion

Citizenship: U.S.