The top 500 richest people in the world made an average of $14 million each day in the first half of 2023 as markets rallied
The gains mark the best half-year for all the billionaires on the index since the second half of 2020 when the markets rebounded from the COVID-19 pandemic, per Bloomberg.
The S&P 500 — an index that tracks a broad range of sectors such as banks, manufacturing, tech, and retail — is up about 16.5% this year. The tech-focused Nasdaq 100 is up 31% this year. The rally benefited tech tycoons Elon Musk and Mark Zuckerberg, the biggest winners in the index this year.— saw his wealth soar by almost $97 billion through June 30, per Bloomberg.
The S&P 500 closed 0.12% higher at 4,455.59 on Monday. The Nasdaq 100 closed 0.2% higher at 15,208.69.Subscribe to push notifications
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