Just eight billionaires accounted for a quarter of the gains, led by Elon Musk, Jeff Bezos, Larry Ellison and Larry Page

The richest 500 individuals in the world added a record $2.2tn to their wealth in 2025, according to the Bloomberg Billionaires Index, with just eight billionaires accounting for a quarter of the gains.

The gains increased their collective net worth to $11.9tn, bolstered by billionaire Donald Trump’s 2024 election victory and booming markets in cryptocurrencies, equities and metals.

Around a quarter of the gains were attributed to eight billionaires, including Elon Musk, Jeff Bezos, Oracle chair Larry Ellison and Alphabet Inc co-founder Larry Page, though 2024 saw more concentrated net worth gains with the same eight billionaires making up 43% of total net worth gains for the wealthiest 500 individuals in the world.

  • fonix232@fedia.io
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    9 days ago

    “Added” my ass. They STOLE $2.2tn from the working people. They literally took it out from the mouths of starving families, struggling single mothers and fathers, while providing little to no value for all their greed.

  • kent_eh@lemmy.ca
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    8 days ago

    And how much did they contribute back to the countries that allowed them to amass that ridiculous amount of wealth?

  • Phoenixz@lemmy.ca
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    8 days ago

    So when are we finally going to stop this, stop the billionaires?

    We need laws that put hard caps on ownership and personal wealth. Nobody should be able to have a net worth of over, say, 10 million dollars. Any income over that should be taxed 100% until the person goes below the 10 million line

    We done even need different economic systems, capitalism works well to generate wealth, that is fine, we just need to put rules on where that wealth goes.

    With taxes, that is a simple fix.

    Imagine if you will, if nobody can be worth over 10M, and companies het similarly capped at, say, 1 billion.

    You have a company worth 1 billion? You can’t have a single owner because of the 10M cap. You’ll end up with many ay more smaller companies or bigger companies with loads of small share holders. Companies can compete and grow but the perverse incentives of endless growth would be gone. Companies can finally focus on the end consumers again, and make better products

    Meanwhile governments get a huge tax influx, that can be used to fund independent investment foundations that help new startups with funding and professional help to get your new company started

    That tax money could be used as well to fund free healthcare, free education, maybe even universal income. We could eradicate the poor.

    People could stop focusing on survival and start focusing on living and loving.

    I dunno, there are loads of details missing, of course, but this sounds like something doable.

  • Mulligrubs@lemmy.world
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    8 days ago

    Government is our only defense against robber barons. If any government allows itself to be controlled by billionaires, there’s NO REASON for the government. It’s just a super expensive middleman.

    • Bakkoda@lemmy.world
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      8 days ago

      Every “conservative” I’ve ever talked to is ready to explain the federal reserve, democracy vs republic and some other generally useless information considering the potus is a felonious rapist.

        • Bakkoda@lemmy.world
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          8 days ago

          I only know they are “conservative” because they can’t shut the fuck up about it. IMO it’s a guilty conscience but honestly i don’t care

    • Formfiller@lemmy.world
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      8 days ago

      Nazi’s and facists are far left?lol this is propaganda and misinformation. You really believe that being “represented” by people who are literally owned by Israel and the oligarchs is better than democracy? Look around that’s easy to debunk. Believing this nonsense would be a good example of falling into the tankie mindset.