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Ten individuals from the list of the 400 wealthiest Americans now possess fortunes exceeding $100 billion, marking a record. The entry into this elite club has become more expensive than ever, with the minimum threshold for inclusion in the ranking being $3.3 billion, which is $400 million more than it was previously. Despite this steep entry barrier, 23 new names have emerged in the ranking, with newcomers amassing wealth in diverse fields ranging from plastic pipes to revolutionary technologies in the field of artificial intelligence.

The self-proclaimed “king of technology,” also known as the head of an electric vehicle company, has topped the list of the 400 richest Americans for the third consecutive year. In 2024, despite losing $7 billion due to a 14% drop in stock prices of his electric vehicle company and a court decision in Delaware to annul his stock options worth $56 billion, his new AI startup attracted $6 billion in investments, valued at $24 billion. A month later, a rocket company released a tender offer valuing the company at approximately $210 billion, up from $180 billion previously. In a post on a social network that garnered 220 million views, he publicly declared support for a presidential candidate just an hour after a high-profile incident. The candidate intends to include him in a new commission to improve government efficiency.

Another successful year for the co-founder and chief technology officer, who holds a 40% stake in a tech company: its shares rose 12% in value, reaching record levels. Expenses are keeping pace with revenues as he acquired a resort in Florida for approximately $300 million. This new acquisition became part of his extensive real estate portfolio, valued at over $2 billion. He is also rumored to be planning a $6 billion investment in an unfinished merger between a global company and a production company.

Since the summer of 2023, another billionaire has acquired three homes on an island in Miami, spending around $234 million. With his move to Florida, known for its favorable tax regime, he converted some of his shares into cash, earning over $8 billion from the sale before taxes. He still owns 9% of an e-commerce platform, whose shares rose more than 29%. His foundation, through which he has already directed $2 billion out of a promised $10 billion to charity, plans to allocate up to $100 million to the winners of a competition that combines artificial intelligence with climate and nature, set to launch at the end of 2024.

Over the past year, no one has amassed more wealth in dollar terms than another tech giant. Today, he is $75 billion richer and five steps higher than a year ago, thanks to a 75% increase in his company’s stock. Revenues increased by 20% each quarter, and the social media giant conducted a share buyback totaling $31 billion. Having turned 40 in May, he changed his image: sporting a gold chain, letting his curly hair grow, and swapping his favorite hoodie for a fur-lined jacket. Additionally, he managed to surprise his spouse with a statue over two meters tall depicting her.

A legendary investor has been involved in capital investments for over seven decades and remains very active. In August, his company became the first non-tech company in America to reach a market capitalization of $1 trillion. In June, he made another donation in the form of shares, worth $5.3 billion, but the public was surprised by a twist: he explained that most of his remaining wealth would be directed to a charitable trust managed by his three children, as opposed to a prominent foundation as previously expected.

The Growing Wealth Divide Among the Elite

The increase in wealth among the richest Americans highlights the growing divide between the ultra-wealthy and others.