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Top Billionaires Who Benefited the Most from the 2024 Tech Boom
With AI and technology's evolution and rapid development, this year has been a great success for tech billionaires worldwide. They have increased their wealth by technological upgradation and implementing different strategies for their companies. The richest of the wealthy, especially the tech billionaires, are from the United States.
The stock market along with cryptocurrency reached record high values this November, 2024 due to the US Presidential elections. Let's take a look at the top tech billionaires in the world who have expanded their fortune in 2024.
Harvey Jones - NVIDIA | Networth - $1 Billion
Jones is the tech investor and entrepreneur who has helped Nvidia as the founding member of the board. Currently, he owns 0.03% of Nvidia’s shares which have taken a huge incremental plunge by 300% with the AI boom worldwide. This huge growth has made him one of the top beneficiaries of Nvidia’s and AI’s success.
Sam Altman - OpenAI | Networth - $2 Billion
The CEO of OpenAI, Sam Altman has been gaining with the AI boom with ChatGPT’s launch in 2022. However, he owns no equity in OpenAI which is valued at over $80 billion. His wealth mainly comes from the investments that were made during his time as Y Combinator’s president (2014-2019), early stakes in Stripe, Reddit, and the nuclear fusion startup Helion.
Michelle Zatlyn - Cloudflare | Networth - $22 Million
Cloudflare is a company that uses AI to protect its customers from cyber threats and provides cloud space for developers to build AI models. Currently, Zatlyn owns 2% of Cloudflare and shares have gone high by 65% because of the advancements and technological boom in AI.
Charles Liang - Super Micro Computer | Networth - $2.61 Billion
The co-founder of Super Micro Computer, Charles Liang has seen a significant increase in his wealth after the company’s servers and storage systems were highly sought after by AI and other cloud computing firms that have led to a record revenue of $7 billion in 2023. The company’s stock has also gained over 1100% in the past 12 months by outperforming competitors like Nvidia and AMD.
Other Billionaires Who Got Richer Over the Past 12 Months
8 of the top 10 world billionaires are from the USA, signifying the presidential elections and technological advancements along with development in the AI space.
| Name | Net-Worth as of December 2024 | Company Name | Company Ownership |
| Elon Musk | $436.3 Billion | Tesla, Space X | 13% |
| Jeff Bezos | $238.6 Billion | Amazon | 10.80% |
| Larry Ellison | $213.5.40 Billion | Oracle | 42.93% |
| Mark Zuckerberg | $207.4 Billion | Facebook (Meta) | 13.50% |
| Larry Page | $160.02 Billion | Alphabet (Google) | 3.00% |
| Sergey Brin | $152.9 Billion | Alphabet (Google) | 3.00% |
| Amancio Ortega | $116.6 Billion | Zara | 60% |
| Steve Ballmer | $127.4 Billion | Microsoft | - |
| Warren Buffet | $141.9 Billion | Berkshire Hathaway | 31.6% |
Conclusion
2024 saw tech billionaires paving the way for increasing their wealth with the rapid advancement in AI and technology. With the surge in the stock market and the US presidential elections, these industry leaders have increased their fortunes with different strategies and tactics combined with rapid tech advancements.