Mask drives global wealth growth amid tech dominance

In 2026, there was an unprecedented surge in the wealth of the world's richest billionaires, with the technology sector's gains reaching approximately $845 billion in the first nine months of the year. This propelled their total combined wealth to $4.6 trillion, accounting for 36% of the total wealth of the top 500 wealthiest individuals. The rise was driven by strong stock performances of tech companies and the success of the artificial intelligence sector, with the greatest share of gains concentrated in the United States, which captured 94% of the net profits. Elon Musk was the biggest beneficiary, adding $310 billion to his fortune, making him the first person to temporarily surpass $1 trillion after merging SpaceX with the artificial intelligence division in June. However, signs of waning enthusiasm for artificial intelligence began to emerge, as the total combined wealth declined after June, amid concerns over funding through excessive debt. Calls for higher taxes on the wealthy, especially in the United States, also gained momentum, amid investments by a new generation of young entrepreneurs and growing wealth concentration among a select few, alongside ongoing growth in the fortunes of tech founders and infrastructure pioneers connected to artificial intelligence.

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