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Billionaires

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Mark Zuckerberg, Jeff Bezos and Elon Musk’s wealth have plummeted.

World’s 500 richest people surpassed $15 trillion in wealth in 2024

The world’s 500 richest people got vastly richer in 2024, with Elon Musk and Mark Zuckerberg leading the group to a new milestone. Their wealth is now similar in size to the combined GDPs of Germany, Japan and Australia.

  • Dylan Sloan and Jack Witzig

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Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton at the company’s annual general meeting in Paris, France, on Thursday, April 18, 2024.

The spy, the billionaire and a high-stakes Paris battle

François Ruffin had just started filming a satirical documentary about luxury billionaire Bernard Arnault when he became suspicious about a volunteer on his staff.

  • Liz Alderman
Elon Musk’s net worth has soared since Donald Trump’s election win.

Elon Musk now has more money than anyone has ever had

Elon Musk has become the first person to reach $US400 billion in net worth, the latest milestone for the world’s richest individual.

  • Dylan Sloan
Rupert Murdoch and Elena Zhukova on their wedding day in June.

Murdoch’s court defeat creates uncertain path ahead for his media empire

Billionaire media mogul Rupert Murdoch believes all successful companies are built by individuals, not boards or committees. Some of his children disagree.

  • Anne Hyland
Divided dynasty: The future direction of the Murdoch media empire has been thrown into question.

‘Carefully crafted charade’: How it all fell apart for Rupert Murdoch in Nevada

In a scathing 96-page ruling, Rupert and Lachlan Murdoch were found to have acted in bad faith in their effort to amend the family trust.

  • Jonathan Mahler and Jim Rutenberg
Rupert Murdoch with children Elisabeth, Lachlan and James.

Rupert Murdoch’s ‘bad faith’ bid to change family trust fails

The move was an attempt to cement eldest son Lachlan’s control of the family empire after the 93-year-old’s death and secure its media assets’ conservative positioning.

  • Calum Jaspan
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“I don’t think this is an accidental monopoly.“: Rocket Lab chief Peter Beck.

The 47-year-old Kiwi who just became a billionaire

Peter Beck has come a long way for a former dishwasher engineer with no university qualifications.

  • Ainsley Thomson and Bruce Einhorn
Rising stock markets and home prices, as well as inflation, have fattened the estates that members of the baby boom generation are expected to leave their heirs.

The $164 trillion windfall splitting America

One of the largest intergenerational transfers of wealth in history is about to take place.

  • Daniel Neligh, Maria Clara Cobo and Andre Tartar
Axon Enterprises CEO and founder Rick Smith started the company with his brother Tom in a garage 31 years ago.

Rick the Taser king started his company aged 23. Now he is a billionaire

Rick Smith says he and his brother came up with the idea for their company after high school football teammates were killed in a shooting.

  • Biz Carson
Billionaire property developer Harry Triguboff.

What Harry Triguboff really thinks about local councils and Chinese migrants

The 91-year-old Meriton boss said council staff should be given bonuses if they approved more development applications before making incendiary remarks about Chinese migrants.

  • Anthony Segaert

Original URL: https://www.watoday.com.au/topic/billionaires-1mro