The Tech world witnessed a recent boom, sending two new members into the 100bn elite club. The Tech billionaires are smiling to the bank as the American economy shows early signs of recovering from the pandemic.
As of this morning, the Bloomberg Billionaires Index features 8 billionaires with a net worth of over $100bn. The latest additions are Google founders Sergei Brin and Larry Page who according to Bloomberg are the biggest earners in the Tech niche since last year.
The duo added a whopping $20bn to their wealth each since last year making them the biggest gainers on the list. The total number of billionaires in the $100bn club has now risen to 8.
Reason for wealth explosion
Optimism has returned to the US stock markets as the world economy slowly eases into the post-pandemic era. The tech department of the NASDAQ witnessed a 7% increase according to Bloomberg due to the online surge caused by the pandemic.
What you should know
- 8 of the current top 10 richest men in the World are all United States Tech billionaires.
- The combined wealth of the world’s richest eight people has crossed the $1 trillion mark and they collectively added about $110bn to their wealth in a single year.