Share prices are rising rapidly
AI makes the super-rich even richer
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The hype surrounding artificial intelligence is causing tech companies' stocks to skyrocket – and with them the wealth of shareholders. Nothing is currently having a greater impact on the list of the richest people in the world.
At the beginning of the week, Nvidia caused a sensation on the US stock exchanges: The chip manufacturer overtook Amazon in terms of market value and is now fourth among the most valuable companies in the USA. The main reason behind this is the hype surrounding artificial intelligence (AI), Nvidia is the world's leading developer and provider of AI chips. Its co-founder Jensen Huang has now moved up to 21st place in Bloomberg's list of the richest people in the world – only Meta boss Mark Zuckerberg was able to increase his wealth even more, with an increase of almost 42 billion dollars within a year.
Huang's fortune grew by almost half during this period, to around $21 billion. The Nvidia boss is currently worth more than $65 billion. Amazon founder Jeff Bezos increased his wealth by a good $18 billion to $195 billion. The super-rich in the energy sector did not achieve quite as high increases; but 13 of the 20 entrepreneurs who have recently been able to increase their wealth the most come from the tech sector – AI is currently making the world's richest people even richer. Eight of the ten richest people currently earn their money with technology companies.
As Bloomberg reports, the rally in AI stocks has created another billionaire in Huang's family: his distant cousin Lisa Su, head of Nvidia competitor Advanced Micro Devices, whose shares have doubled in value in the past year. According to the report, AI accounts for the majority of the wealth increase of the super-rich this year. Among the beneficiaries is Steve Ballmer, former head and still shareholder of Microsoft, which invested billions in ChatGPT developer OpenAI. With $141 billion, Ballmer is currently in sixth place on the rich list.
According to the financial news agency, Dell CEO Michael Dell is also one of the AI profiteers. He is currently ranked 15th in the ranking with a fortune of almost 86 billion dollars. The euphoria surrounding artificial intelligence has made several super-rich people billions richer, including Charles Liang, co-founder of Super Micro Computer, which supplies data centers. The stock has increased by 869 percent in the last twelve months. According to Bloomberg, Liang has tripled his fortune to 6.2 billion dollars.
