Elon Musk, Jeff Bezos, and Mark Zuckerberg are among six individuals who have surpassed a net worth of $200 billion, redefining the threshold of extreme wealth.
Previously, a net worth of $100 billion secured entry into this exclusive group. However, the rapid wealth growth driven by the AI boom has raised the bar to $200 billion.
Each of these individuals individually holds more wealth than major American corporations such as PepsiCo, Uber, Walt Disney, and Intel, all valued near $200 billion as of Thursday's market close.
Luxury goods magnate Bernard Arnault, CEO of LVMH, is nearing $200 billion, with his fortune rising by about $18 billion this year to reach $194 billion.
Former Microsoft CEO Steve Ballmer and Nvidia CEO Jensen Huang are also approaching this milestone, valued at $181 billion and $176 billion respectively as of Thursday's close.
"They're individually worth more than some of America's biggest companies: PepsiCo, Uber, Walt Disney, and Intel were valued around $200 billion each at Thursday's market close."
The combined net worth of these six billionaires is approximately $1 trillion.
Author's summary: The emergence of six billionaires worth over $200 billion highlights unprecedented wealth concentration amid the AI-driven surge in fortunes.