To The Moon

The US stock market has been hot this year, with a surge of over 15% in the first half of 2023. Both retail and institutional investors have made money, including many of the world's wealthiest billionaires.

In 2022, the market experienced a decline of about 20%, leading to a significant decrease in the wealth of many US billionaires who held substantial amounts of company stocks. However, they have not only recovered their losses but also seen a substantial increase in their net worth.

According to Bloomberg's Billionaires Index as of July 5th, the net worth and year-to-date changes for the top ten billionaires are as follows:

Among the ten investors listed above, nine of them, excluding Arnault, reside in the United States. The world's richest person, Elon Musk, has a net worth of $248 billion, with an increase of $111 billion this year. Bloomberg's data indicates that $116 billion of Musk's net worth is tied to $Tesla Motors(TSLA)$.

Although Tesla's stock price has not yet reached its 2021 peak, it has already gained over 156% this year. This is largely due to the decision by the electric car manufacturer to lower prices, which has attracted numerous investors.

Additionally, technology stocks have performed strongly this year, fueled by optimistic expectations that the Federal Reserve may soon end the rate-hiking cycle and that the US economy may avoid a hard landing.

Mark Zuckerberg's net worth has also increased by approximately $61.5 billion this year, and his net worth is closely tied to $Meta Platforms, Inc.(META)$ . Meta's stock price has surged over 135% this year. Similar to other major tech stocks, the rise of the stock is also attributed to the AI frenzy following the launch of generative AI technology ChatGPT.

Warren Buffett has seen the smallest increase in net worth among the top ten billionaires, as his net worth is tied to $Berkshire Hathaway(BRK.B)$ . Compared to large tech stocks, the performance of Berkshire Hathaway's stock has been average. However, it is important to note that Buffett has donated billions of dollars in the past, and Berkshire's stock price outperformed the market and most tech stocks in 2022.