• Bernie Sanders says Elon Musk is using his wealth and political clout to undermine US democracy.
• Musk lambasted a government funding deal and said a shutdown would be the Democrats' fault.
• "Are Republicans beholden to the American people? Or President Musk?" Sanders asked on X.

Elon Musk is wielding his immense wealth and political power to pressure US lawmakers, shifting America from democracy to oligarchy, Sen. Bernie Sanders says.

In two recent X posts, the Vermont senator called out Musk's influence over Republicans and his warnings to legislators if they don't vote the way he wants.

"The US Congress this week came to an agreement to fund our government," he wrote late Wednesday. "Elon Musk, who became $200 BILLION richer since Trump was elected, objected. Are Republicans beholden to the American people? Or President Musk? This is oligarchy at work."

"Elon Musk, the richest man in the world, is threatening to unseat elected officials if they do not follow his orders to shut down the government during the holidays," he said in a Thursday post. "Are we still a democracy or have we already moved to oligarchy and authoritarianism?"

Musk blasted the funding bill in question as bloated and overcomplicated and wrote on X that "any member of the House or Senate who votes for this outrageous spending bill deserves to be voted out in 2 years!"

He threw his weight behind Republicans' alternative bill, hailing it as cleaner and simpler. Moreover, he posted that it would be the Democratic Party's fault if an agreement isn't reached and the government shuts down.

Both Trump's team and Musk have pushed back against the idea that he's pulling Republicans' strings. Musk has said he's only bringing things to the attention of his followers, and they're free to voice their support.

The Tesla and SpaceX CEO's net worth hit a record $486 billion on Tuesday, up $257 billion from the start of the year — a figure that exceeds the fortune of the world's second-richest man, Amazon founder Jeff Bezos. Tesla stock has slid since then, but Musk was still worth $455 billion at Thursday's close.

As Sanders wrote, Musk's wealth surged after President Trump's election victory as Tesla stock rode a broader market rally, and investors wagered the automaker would benefit from Musk's close ties to the White House. Additionally, SpaceX was valued at a record $350 billion this month, boosting the worth of Musk's stake in the rocket company.

Sanders has called out Musk several times in his criticisms of wealth inequality, which often single out billionaires for having too much influence and paying too little in taxes.

"Never before in American history have so few billionaires, so few people had so much wealth and so much power," he said in a clip from "Meet the Press" that he recently shared on X.

"We can't go around the world saying, 'Oh well, you know in Russia, Putin has an oligarchy," Sanders continued. "Well, we've got an oligarchy here, too."

The progressive lawmaker has also clashed with Musk's Big Tech peers. Sanders recently told Bill Gates that he was a "very innovative guy" who deserved to be financially rewarded for his contributions to society as Microsoft's cofounder — but not to the tune of billions of dollars.

"How much do you deserve? Can you make it on a billion? Think you could feed the family? Probably. Pay the rent? Maybe," Sanders quipped.

In response to Sanders saying billionaires shouldn't exist in 2019, Meta CEO Mark Zuckerberg, now the world's third-richest person, agreed that "some of the wealth that can be accumulated is unreasonable."

• The elite group worth more than $100 billion includes Elon Musk, Jeff Bezos, and Bill Gates.
• The 16 members have grown almost $900 billion richer this year and are jointly worth $2.8 trillion.
• Walmart heirs Jim, Rob, and Alice Walton joined the club for the first time in September.

Elon Musk, Jeff Bezos, and Mark Zuckerberg are among the handful of people on the planet with a net worth above $100 billion.

Members of this elite group have amassed 12-digit fortunes by owning huge amounts of stock in some of the world's most valuable companies. Most are founders and either current or former CEOs, and some, such as Warren Buffett, would be much richer if they didn't give billions to charity.

The 16 people in this very exclusive club have a combined wealth of about $2.8 trillion, according to the Bloomberg Billionaires Index. They're worth more than Amazon or Google owner Alphabet, which command market values of around $2.4 trillion each.

All but one of them have grown richer this year, adding a net $890 billion to their collective fortunes. Walmart ($762 billion), Eli Lilly ($740 billion), and JPMorgan ($675 billion) are all worth significantly less than that.

Walmart heirs Jim, Rob, and Alice Walton joined the exclusive group in September, thanks to their net worths surging by upward of $43 billion this year.

Here's the list of individuals worth at least $100 billion, showing Bloomberg's estimate on December 16, how much it's changed this calendar year, and the source of their wealth.

1. Elon Musk

Net worth: $474 billion

YTD change in wealth: +$245 billion

Source of wealth: Tesla and SpaceX stock

Elon Musk is the CEO of the electric-vehicle maker Tesla and the spacecraft manufacturer SpaceX. He's also the owner of X, the social network formerly known as Twitter. His other businesses include The Boring Company, Neuralink, and xAI.

Musk's wealth has nearly doubled this year — surging by $245 billion or almost Jeff Bezos' entire net worth — because Tesla stock has jumped by over 85% and SpaceX's valuation has surged to $350 billion, per Bloomberg.

2. Jeff Bezos

Net worth: $251 billion

YTD change in wealth: +$74.5 billion

Source of wealth: Amazon stock

Jeff Bezos is the founder, executive chairman, and former CEO of Amazon, the e-commerce and cloud-computing giant.

He also founded the space company Blue Origin and owns The Washington Post.

3. Mark Zuckerberg

Net worth: $221 billion

YTD change in wealth: +$92.6 billion

Source of wealth: Meta stock

Mark Zuckerberg is the cofounder, chairman, and CEO of Meta Platforms, the social-media titan behind Facebook, Instagram, WhatsApp, and Threads.

Meta's Reality Labs division makes virtual-reality and augmented-reality headsets and experiences.

4. Larry Ellison

Net worth: $194 billion

YTD change in wealth: +$70.9 billion

Source of wealth: Oracle and Tesla stock

Larry Ellison is the cofounder, chief technology officer, and former CEO of Oracle, an enterprise software company specializing in cloud computing and database platforms.

He invested in Tesla prior to joining the automaker's board in 2018 and made more than 10 times his money on paper by the time his term as a director ended in August 2022.

5. Bernard Arnault

Net worth: $178 billion

YTD change in wealth: -$29.3 billion

Source of wealth: LVMH stock

Bernard Arnault is the founder, chairman, and CEO of LVMH Moët Hennessy Louis Vuitton. His conglomerate owns a bevy of luxury brands, including Dior, Fendi, Dom Pérignon, Sephora, and Tiffany & Co.

LVMH stock has struggled this year, falling over 10% and eroding Arnault's net worth in the process.

6. Larry Page

Net worth: $175 billion

YTD change in wealth: +$48.2 billion

Source of wealth: Alphabet stock

Larry Page cofounded Google with his Stanford University classmate Sergey Brin in a friend's garage in 1998 and served as CEO until 2001.

He took the reins again between 2011 and 2015 after Google was restructured as a subsidiary of Alphabet alongside other businesses such as YouTube and Waymo.

7. Bill Gates

Net worth: $165 billion

YTD change in wealth: +$23.9 billion

Source of wealth: Microsoft stock

Bill Gates is the cofounder and former CEO of Microsoft, which makes the Office application suite, the cloud-computing platform Microsoft Azure, and Xbox consoles.

He's renowned for his philanthropic work at the helm of the Bill & Melinda Gates Foundation, one of the world's largest charitable entities.

8. Sergey Brin

Net worth: $164 billion

YTD change in wealth: +$44.3 billion

Source of wealth: Alphabet stock

Sergey Brin cofounded Google with Page in 1998 and served as the search-and-advertising titan's first president.

He and Page stepped down from their respective roles as Alphabet's president and CEO in 2019.

9. Steve Ballmer

Net worth: $156 billion

YTD change in wealth: +$25.4 billion

Source of wealth: Microsoft stock

Steve Ballmer served as Microsoft's CEO between 2000 and 2014. He joined the company in 1980 as Bill Gates' assistant, initially negotiating a profit share, which he later swapped for an equity stake when it became excessively large.

Ballmer retired as CEO in 2014 with a 4% stake — a position now worth more than $130 billion. He promptly bought the Los Angeles Clippers for $2 billion and remains the basketball team's owner.

10. Warren Buffett

Net worth: $143 billion

YTD change in wealth: +$23 billion

Source of wealth: Berkshire Hathaway stock

Warren Buffett acquired Berkshire Hathaway when it was a failing textile mill in 1965 and has since grown it into one of the world's largest companies. His nearly 15% stake is worth around $141 billion.

The famed investor's conglomerate owns scores of businesses, including GEICO, See's Candies, and BNSF Railway, and holds multibillion-dollar stakes in public companies such as Apple and Coca-Cola.

Buffett has gifted about half his Berkshire shares to the Gates Foundation and his four family foundations since 2006.

11. Michael Dell

Net worth: $130 billion

YTD change in wealth: +$51.4 billion

Source of wealth: Dell stock

Michael Dell is the founder, chairman, and CEO of the eponymous computer maker. Dell stock has roughly tripled since March last year to $119, valuing the company at over $80 billion, as investors wager it will be a key beneficiary from the AI boom.

Dell owns about 46% of his company, and pocketed well over $10 billion from the sale of Dell-backed VMware to Broadcom last year.

12. Jim Walton

Net worth: $117 billion

YTD change in wealth: +$44.5 billion

Source of wealth: Walmart stock

Jim Walton is the youngest son of Walmart founder Sam Walton, who gave each of his four children a 20% stake in the budding retail business over 70 years ago. Jim and his two surviving siblings, Rob and Alice, each still own over 11% of the company.

Jim's net worth crossed $100 billion in September following an 80% surge in Walmart stock this year.

13. Jensen Huang

Net worth: $115 billion

YTD change in wealth: +$71.4 billion

Source of wealth: Nvidia stock

Jensen Huang cofounded Nvidia in 1993, but the microchip maker has become a market darling within the past two years as its semiconductors have proven pivotal to developing artificial intelligence.

Nvidia's stock price has skyrocketed from under $15 at the end of 2022 to $132. That has boosted the company's value to $3.2 trillion — meaning it now rivals Apple as the world's most valuable company —and bolstered Huang's superrich status in the process.

14. Rob Walton

Net worth: $115 billion

YTD change in wealth: +$43.3 billion

Source of wealth: Walmart stock

Rob Walton, Sam Walton's eldest, sat on Walmart's board for more than 40 years before retiring this June.

His net worth passed $100 billion for the first time in September, making him the second Walton to join the club after his younger brother, Jim.

15. Alice Walton

Net worth: $114 billion

YTD change in wealth: +$43.8 billion

Source of wealth: Walmart stock

Alice Walton is Sam Walton's only daughter, and the world's richest woman after overtaking L'Oréal heiress Françoise Bettencourt Meyers earlier this year.

She joined her brothers, Jim and Rob, in the $100 billion club in September.

16. Amancio Ortega

Net worth: $104 billion

YTD change in wealth: +$16.9 billion

Source of wealth: Inditex stock

Amancio Ortega is the founder and former chairman of Inditex, a fashion retail group home to brands such as Zara, Bershka, and Massimo Dutti.

The billionaire philanthropist and real-estate investor stopped running Inditex in 2011. His daughter Marta Ortega Pérez was appointed chair at the end of 2021.

• Mark Zuckerberg's Meta urged California to halt OpenAI's transition to a for-profit company.
• In doing so, Zuckerberg sided with his occasional nemesis, Elon Musk, who also wants to stop OpenAI.
• It seems the two tech billionaires have finally found some common ground.

Meta CEO Mark Zuckerberg and X owner Elon Musk have long-standing beef about everything from artificial intelligence to how they run their respective social media platforms.

While that feud has lasted for the better part of a decade — and has even threatened to get physical — the two tech billionaires now agree on at least one thing: their competitor, OpenAI, should remain a nonprofit.

Zuckerberg's Meta asked the California attorney general on Friday to stop OpenAI from becoming a for-profit company. Meta accused Sam Altman's company of "taking advantage" of its status as a nonprofit to raise billions.

"OpenAI wants to change its status while retaining all of the benefits that enabled it to reach the point it has today. That is wrong. OpenAI should not be allowed to flout the law by taking and reappropriating assets it built as a charity and using them for potentially enormous private gains," Meta said in the letter to California Attorney General Rob Bonta.

OpenAI is one of Meta's biggest competitors in the AI tech race.

"Failing to hold OpenAI accountable for its choice to form as a nonprofit could lead to a proliferation of similar startup ventures that are notionally charitable until they are potentially profitable," Meta wrote in the letter.

With that, Zuckerberg sided with Musk, who is engaged in an ongoing legal fight to prevent OpenAI from becoming a for-profit.

Musk, one of 11 OpenAI cofounders who split from the company early on, launched a second bid in November to stop OpenAI from making the transition, asking a court for an injunction against the company.

The injunction request also argues that OpenAI and Microsoft, the largest corporate investor in the AI startup, have worked together to build a "for-profit monopoly," engaging in anti-competitive behavior that also targets xAI, Musk's artificial intelligence venture.

OpenAI has fought back. On Friday, it published a blog post titled "Elon Musk wanted an OpenAI for-profit." The post includes a series of emails and messages between Musk and other cofounders, including Altman, going back as far as November 2015, a month before the company was founded.

In one of those emails, Musk responded to Altman's proposal to start a Delaware-based nonprofit: "Also, the structure doesn't seem optimal," Musk wrote.

Musk left the organization in 2018 in part because he believed OpenAI's "probability of success was 0," according to an OpenAI blog post from March. Musk has accused OpenAI of straying from its original mission to develop an artificial general intelligence that is safe and benefits humanity.

Almost a decade after its founding as a nonprofit, OpenAI is now eyeing the switch to a for-profit venture to generate more investor capital. In October, the company announced a $6.6 billion funding round, raising OpenAI's valuation to $157 billion. That investment, however, comes with a stipulation that OpenAI become a for-profit within two years.

Meanwhile, Meta said it plans to pour as much as $37 billion on infrastructure costs alone this year, largely related to AI. Musk's xAI told investors last month that it secured $5 billion in funding.

Musk and spokespeople for Meta and OpenAI did not respond to a request for comment.

• It's not new for rich people and big companies to donate to presidential inaugurations.
• Something about watching tech titans like Mark Zuckerberg and Jeff Bezos do it seems different.
• That's at least in part because it's so public — the money is less important than the message.

First, Mark Zuckerberg. Then, Jeff Bezos. Now, Sam Altman. They're all donating $1 million to Donald Trump's inauguration fund.

Expect more tech titans to follow. Google CEO Sundar Pichai was reportedly flying to Mar-a-Lago to meet with Trump this week. I wouldn't be shocked to see a $1 million pledge coming shortly after. (Google declined to comment about any of the above.)

You can see it playing out in real time. Zuckerberg's initial donation was news; each subsequent one just confirms it as the cost of doing business. At some point, the news will be when you hear that some tech giant is not forking over $1 million to help fund Trump's multiday party next month.

Quick context: It is not unusual for big companies and very rich people to donate lots of money to presidential inaugurations, whether via cash, in-kind contributions, or both.

While US elections themselves have (some) rules about the amount of money people and companies can spend on candidates, there's no cap on what they can spend on inaugural committees. The only restrictions are that the money can't come from foreign nationals and that the donations eventually have to be disclosed.

Which is why we can see it's also not unheard of for Big Tech companies to make inaugural donations. Microsoft kicked in $500,000 for Trump's first inauguration in 2017; Google spent $285,000. Those two companies also contributed to Joe Biden's 2021 inauguration, along with Uber, which spent $1 million.

It's also worth noting that the sums we are talking about here don't even qualify as rounding errors for companies this size. Zuckerberg's Meta makes about $174 million in profit every day. Amazon does about $110 million. A million bucks just doesn't register. (The Amazon and Meta donations are coming directly from the companies, not their founders; Altman, who has a reported net worth of $1.1 billion, has said he's making his donation personally.)

So what makes this round of donations newsworthy?

Yes, in some cases, Trump has tangled with the companies or the leaders in question — he famously threatened to jail Zuckerberg earlier this year for theoretical election interference, and he's long railed about Amazon's founder, Bezos, as well as the Bezos-owned Washington Post.

There's also the fact that while Trump and his allies continue to insist that they want to cut regulations, they also insist that they'll be cracking down on Big Tech. That context makes the donations seem even more transactional than other rich person/corporate donations.

But the main reason this is news is … because it's news. News that's out in public, that is.

In the past, these donations would eventually be disclosed in filings, but this time around, the contributors seem eager to let the world know they're doing it.

That's the telling part. The part that tells you that this time around, more tech leaders have decided that the best way to deal with Donald Trump is to say nice things about him in public, and to do nice things for him — in public. And then, they hope, they can get things from him privately.

That is, they are taking cues from Apple CEO Tim Cook, who navigated the first Trump presidency very effectively. As I've noted before: "Cook became an expert Trump manager during Trump 1.0 by letting the president do what he wanted in public, like take credit for things he didn't do, while prevailing on him privately to do things Cook wanted Trump to do — namely, exempting Apple products from tariffs." I'm assuming that will also include a $1 million donation from Apple that will get announced very shortly.

• Donald Trump is getting donations left and right from the biggest names in business.
• OpenAI CEO Sam Altman was the latest to give $1 million to Trump's inaugural fund.
• Tech leaders are angling to get or stay in his good graces and help shape his tech policy.

The latest business trend? Donating $1 million to Donald Trump's inauguration.

Business leaders across industries are trying to get on the president-elect's good side ahead of his return to the Oval Office, and some are breaking out their wallets — or their company's — to do so.

The president-elect is receiving donations to his inaugural fund from Mark Zuckerberg through Meta, Jeff Bezos through Amazon, and OpenAI CEO Sam Altman.

Meta confirmed to BI earlier this week that it's donating $1 million to Trump's inaugural fund. Amazon told the Financial Times it's giving $1 million to the fund and will also air the inauguration on Prime Video.

OpenAI's Altman plans to kick in $1 million of his personal money to the inauguration fund, Fox News reported Friday, citing a source who works with Altman. Amazon and OpenAI did not immediately respond to requests for comment from BI.

Some of the tech leaders are trying to make peace with Trump after he repeatedly criticized them in his first four years at the White House and subsequently sued some of them. Trump has been vocal about wanting to go after Big Tech in his second term as well.

Trump's victory in November set off a chorus of CEOs publicly congratulating him — as well as taking phone calls with the president-elect and trips to Mar-a-Lago.

Trump told CNBC on Thursday that Bezos would visit him "next week" for a dinner, and The Information reported that Google CEO Sundar Pichai would also travel to meet with Trump. In its landmark antitrust case against Google, the Justice Department asked a judge to force Google to sell off Chrome, its web browser.

Zuckerberg and Trump shared dinner at Mar-a-Lago last month months after Trump had threatened to imprison Zuckerberg if reelected. Meta's president of global affairs, Nick Clegg, told reporters earlier this month that Zuckerberg "is very keen to play an active role" in Trump's tech policymaking.

Other big names in business watched Trump ring the opening bell at the New York Stock Exchange on Thursday, the same day he was named Time's Person of the Year.

Onlookers reportedly included Pershing Square CEO Bill Ackman, Citigroup CEO Jane Fraser, Target CEO Brian Cornell, Mastercard CEO Michael Miebach, Goldman Sachs CEO David Solomon, and Verizon CEO Hans Vestberg.

• Mark Zuckerberg donated one of his gold chains to a charity auction organized by his sister.
• The anonymous winner bid $40,500 — but Aaron White was close with his $38,000 bid.
• The chain was gold-plated, not even solid gold.

How much would you pay to look like Mark Zuckerberg? For someone out there, the answer was: more than $40,000.

Zuckerberg donated one of his gold chains — specifically the one he wore at his well-photographed 40th birthday party — to a charity auction run by his sister.

While the auction website estimated the market value of the gold-plated (not even solid gold!) necklace at $425, the winning bid came in at $40,500.

The winner was an anonymous bidder whose username was simply "near." The runner-up went by the username "ElonRWA (Bureau of Internet Culture) (Crypto bros with infinite money)."

I know, I know.

The money went to Inflection Grants, an organization run by two Silicon Valley venture capitalists that gives small grants to young people. The auction ran as part of a charity poker tournament organized by Arielle Zuckerberg. Other auction items included 49ers tickets and a wine tasting with their father, Edward Zuckerberg.

I might not have been able to track down the anonymous winner or runner-up (I asked one of the charity's organizers whether their payment actually came through but didn't hear back), but I did get hold of the person who came in third in the bidding for Zuck's necklace. He's a real person — a real person who is incredibly sad to be missing out on a chain once worn by a man who wore his own name in a Latin idiom on a T-shirt to a company event.

Aaron White, the founder of AppyPeople, an AI startup, bid $38,000 on the necklace. Almost enough to win, but he lost out at the last second.

But … why bid?

"Zuck, at this point, is a historical business figure by any measure," he told Business Insider. "So it's a tiny, tiny slice of some form of American history."

White was willing to make such a large offer because he approved of the charity's mission. "It's for a good cause, showing people who want to build ... they can! And they can have an impact!" he wrote. "I donate money to similar causes — this is another way to do that but also get that little tiny history slice in the process."

Tragically, White could've bid more — his absolute ceiling was $45,000 — but he didn't want to go all in all at once. And then he ran out of time after the anonymous $40,500 bidder swooped in at the last second.

White has a shared history with Zuckerberg: They both attended Phillips Exeter Academy for high school. White was a few grades older, and while they didn't overlap, White said they had friends in common — and said Zuckerberg joined the same computer club that White had been president of during his time at the school.

Of course, the question is: If you owned Mark Zuckerberg's used gold chain, would you actually wear it?

"One-hundred percent yes — I would've worn it in all my video content/Zooms and around town," White said. "I live in Miami, no one would even notice."

• Amazon plans to donate $1 million to Trump's inauguration, the same amount as Meta, per reports.
• The moves show Big Tech's effort to mend relations with Trump, who has been critical of the industry.
• Trump said Thursday he wanted to "get ideas" from Big Tech leaders coming to visit him in Mar-a-Lago.

First Meta, now Amazon — Jeff Bezos' company will also reportedly donate $1 million to Donald Trump's inauguration.

The Wall Street Journal reported Amazon would donate the same amount as Mark Zuckerberg's Meta, the latest sign that Big Tech and the president-elect are reconciling.

Trump also told CNBC Thursday that Bezos would visit him "next week," and The Information reported Thursday that Google CEO Sundar Pichai would also travel to meet him.

It comes after Meta CEO Mark Zuckerberg visited Trump at the president-elect's Mar-a-Lago resort for Thanksgiving Eve dinner last month.

″Mark Zuckerberg's been over to see me, and I can tell you, Elon is another and Jeff Bezos is coming up next week, and I want to get ideas from them," Trump told CNBC's Jim Cramer on Thursday.

Spokespeople for Amazon and Trump did not respond to requests for comment.

Meta confirmed to the Journal Wednesday its $1 million donation to the president-elect's inaugural fund. Amazon confirmed its donation to the Financial Times.

The meetings and donations point to a shift in the relationship between tech leaders and Trump, who had previously been critical of them. Trump has previously accused Zuckerberg and Bezos of bias against his administration, among other criticisms.

In previous years, Bezos and Trump have clashed. During his first campaign and term, Trump would take shots at Amazon, once stating that the company was doing "great damage to tax-paying retailers."

Bezos has previously criticized Trump's inflammatory rhetoric, including the president-elect's call at the time to imprison Hilary Clinton.

As Trump took office in 2017, Amazon donated about $58,000 to Trump's inauguration — much less than what other tech companies donated at the time, according to the Journal.

Zuckerberg has criticized Trump's violent remarks on Facebook. In 2021, the social media platform took the extraordinary step of deplatforming Trump after he praised January 6 rioters.

Both tech leaders have appeared to warm up to Trump in recent months.

The Amazon tycoon said at The New York Times' DealBook Summit last week that he's "actually very optimistic" about a second Trump term, saying that Trump has likely "grown in the last eight years" and that he was encouraged by the president-elect's focus on deregulation.

"He seems to have a lot of energy around reducing regulation. If I can help do that, I'm going to help him," Bezos said.

Zuckerberg also appears to be mending his relationship with the president-elect, despite Trump threatening to throw the Meta CEO in prison as recently as July.

After the first assassination attempt against Trump, Zuckerberg called the president-elect a "badass" but stopped short of endorsing him during a Bloomberg interview.

On November 6, Zuckerberg was among the CEOs congratulating Trump's election victory.

"Looking forward to working with you and your administration," Zuckerberg wrote in a Threads post.

• Elon Musk is almost $200 billion richer than Jeff Bezos and worth more than Costco.
• His net worth hit $447 billion after Tesla stock jumped and SpaceX's valuation rose to $350 billion.
• Just five years ago, Musk was worth about $25 billion, and Tesla was valued below $100 billion.

Elon Musk is nearly $200 billion richer than Jeff Bezos, and personally worth more than Costco, after adding $63 billion to his fortune in a single day.

His net worth surged to $447 billion on Wednesday, per the Bloomberg Billionaires Index, after Tesla stock jumped 6% and SpaceX's valuation leaped to $350 billion based on employee share sales.

Musk's fortune has ballooned by $218 billion this year — a sum that exceeds the net worth of every other person on the rich list except Amazon's Bezos ($249 billion) and Meta's Mark Zuckerberg ($224 billion).

Musk is now more than twice as wealthy as Oracle's Larry Ellison ($198 billion), and more than three times as rich as Warren Buffett ($144 billion).

His one-day gain — the largest in the index's history — rivals the total wealth of Binance cofounder Changpeng Zhao, ranked 23rd with a $63.2 billion fortune. It also helped to lift the combined wealth of the 500 richest people on the planet to above $10 trillion for the first time, Bloomberg said.

Musk is now worth more on paper than the vast majority of US public companies, including Costco ($442 billion), Home Depot ($419 billion), and Netflix ($400 billion).

His wealth is largely made up of his roughly 13% stake and some contested stock options in Tesla, and his 42% slice of SpaceX. Musk's other businesses include xAI, Neuralink, The Boring Company, and X Corp, formerly Twitter.

Tesla shares have surged more than 70% this year to $425 at Wednesday's close, valuing the company at nearly $1.4 trillion. That figure comfortably exceeds the roughly $1 trillion market value of Buffett's Berkshire Hathaway and approaches the $1.6 trillion value of Zuckerberg's Meta.

The electric vehicle maker's shares have soared as investors bet it will harness artificial intelligence in revolutionary products such as self-driving cars and humanoid robots.

Musk's prominent role in Donald Trump's campaign, and his emergence as a close advisor to the president-elect who's tasked him with streamlining the US government, have also fueled optimism around his companies.

SpaceX is now valued at $350 billion based on the latest price paid by the company and its backers to buy shares from employees, Bloomberg reported Wednesday. The Starlink owner's valuation was previously $210 billion after a secondary share sale in June.

It's worth underscoring how dramatic Musk's wealth jump has been. He was worth less than $170 billion as recently as April, and only about $25 billion five years ago — around 1/18 of his net worth now.

Tesla was worth less than $100 billion during the Covid crash of 2020, or about 1/14 of its valuation today.

• Meta's Nick Clegg said Elon Musk could try to become a "political puppet master" in Trump's administration.
• Musk will jointly lead the new Department of Government Efficiency and has become a close Trump advisor.
• Meta CEO Mark Zuckerberg wants an "active role" in conversations about technology and AI, Clegg said.

Elon Musk could try to become a "political puppet master" during the second Trump presidency, Meta's global affairs chief said.

Nick Clegg, a former UK deputy prime minister who is now one of Mark Zuckerberg's key lieutenants at Meta and has played a key role in the company's censorship policies, made the comments on the BBC News podcast "Political Thinking."

Asked if Musk was "a threat to democracy," Clegg said that the X owner is "obviously now playing an outsize role in both the election and now the formation of the new US administration."

Musk could either choose to be an "avid and well-heeled supporter" of the president-elect, or a "political puppet master, going well beyond Trump, deciding who the next Republican candidate should be and the one after that," Clegg said.

The latter path would be "quite different to the general tradition of American democracy," he said.

After donating tens of millions to the Trump campaign and making several star appearances at rallies, Musk has cemented his role as a close advisor to the president-elect. The SpaceX founder was announced as the co-leader of a newly created Department of Government Efficiency, known as DOGE.

The close relationship has raised concerns about potential conflicts of interest, the level of influence Musk could have on politics, and how his multiple businesses might benefit.

Earlier this week, Clegg said that Zuckerberg — Meta's CEO and longtime Musk rival — is seeking a more prominent role in political conversations.

"Mark is very keen to play an active role in the debates that any administration needs to have about maintaining America's leadership in the technological sphere" and "particularly the pivotal role that AI will play," Clegg said.

Having greater involvement in government debates would also bring Zuckerberg closer together with Musk and Trump.

Musk's libertarian stance on censorship and social media has put him at odds with Zuckerberg. The two billionaires have also disagreed over open-source AI models and SpaceX, and even challenged each other to a cage fight.

Trump has also been a critic of Zuckerberg, particularly following the Meta CEO's decision to indefinitely suspend the then president from Facebook following the January 6 Capitol insurrection. Trump previously threatened to imprison Zuckerberg if he won the 2024 election.

Zuckerberg was quick to congratulate Trump following his election victory, and in November, the two had a Thanksgiving eve dinner at the president-elect's Mar-a-Lago resort.

• With his presidency approaching, tech leaders are seeking Donald Trump's good graces.
• Mark Zuckerberg dined with him at Mar-a-Lago. TikTok's Shou Chew is reportedly chatting with Elon Musk.
• From AI regulation to antitrust suits, there is a lot at stake.

From threatening to jail Meta chief Mark Zuckerberg to accusing Google of rigging search results against him, President-elect Donald Trump tangled with Big Tech throughout his 2024 presidential campaign.

But with victory clenched — and tech luminary Elon Musk emerging as a key confidant — leaders throughout the industry have sought meetings and phone calls with the president-elect and those in his orbit in recent weeks.

There's a lot at stake. Trump's presidency could affect everything from budding AI regulation to a bevy of antitrust actions that target Apple, Google, Meta, and Amazon.

"President Trump is surrounding himself with industry leaders like Elon Musk as he works to restore innovation, reduce regulation, and celebrate free speech in his second term," Trump-Vance transition spokesperson Brian Hughes told Business Insider in a statement.

With his second term approaching, these are some of the big-name tech executives who've been seeking the president-elect's ear.

Meta CEO Mark Zuckerberg

Despite their thorny past, Zuckerberg — who didn't endorse a candidate in the 2024 election — met with Trump at Mar-a-Lago for dinner on the evening before Thanksgiving, a Meta spokesperson previously confirmed to BI.

"It's an important time for the future of American Innovation," the spokesperson said.

Meta President of Global Affairs Nick Clegg said Tuesday that Zuckerberg wants to play "an active role" in future discussions with the Trump administration about US tech leadership, including in the "pivotal" field of artificial intelligence.

Clegg also said that Meta "overdid it" when moderating pandemic-related content in the past, for which the social network garnered heat on both sides of the political aisle.

Google CEO Sundar Pichai

In addition to his public congratulations, Google chief Sundar Pichai called the president-elect to congratulate him on his victory — with Musk joining the call, The Information reported.

Trump had previously accused Google of manipulating search results against him and said he'd called Pichai to complain. Google has denied the claims.

When asked about Google's antitrust challenges earlier this year, Trump acknowledged the search giant "has a lot of power," but didn't say he favored a breakup.

"We want to have great companies," Trump said at the time. "We don't want China to have these companies."

TikTok CEO Shou Chew

With a potential TikTok ban looming, CEO Shou Chew has sought counsel from Musk, The Wall Street Journal reported.

Chew has known Musk for years and inquired broadly about the next administration's tech policies, the Journal reported.

Although he did not directly broach how to contend with a prospective TikTok ban, the Jounal reported that ByteDance execs are cautiously optimistic about TikTok's future in the US.

During his first term, Trump tried to ban TikTok, but has since about-faced, saying he would try to save the app once assuming office — though such a pledge could be difficult to fulfill.

OpenAI CEO Sam Altman

OpenAI chief Sam Altman could be in a precarious position with Trump given his increasingly turbulent relationship with Musk.

Altman has also sought indirect counsel from certain members of Trump's inner circle, according to The Wall Street Journal, including Jared and Josh Kushner. The latter's Thrive Capital is a key OpenAI investor.

That said, the Journal reported that some intermediaries have been reluctant to pass on Altman's messages, given his tense relationship with Musk.

In addition to publicly congratulating the president-elect on X, Altman met with transition team co-chair Howard Lutnick in Palm Beach, according to the Journal, where he discussed how OpenAI would invest in US data centers and jobs. As Commerce Secretary, Lutnick would oversee the department charged with AI regulation.

• Mark Zuckerberg and President-elect Donald Trump have had a rocky relationship.
• Still, a Meta exec said Zuckerberg was "keen to play an active role" in tech-policy conversations.
• The exec didn't say what the two discussed at a dinner but described talks as "fairly high level."

Elon Musk already has Donald Trump's ear on policy discussions — and it sounds like Mark Zuckerberg wants in on that too.

"Mark is very keen to play an active role in the debates that any administration needs to have about maintaining America's leadership in the technological sphere" and "particularly the pivotal role that AI will play," Meta's president of global affairs, Nick Clegg, told journalists during a call on Monday, The Verge reported.

Zuckerberg and Trump have sparred before. But they've been in contact recently, meeting for dinner last week at Trump's Mar-a-Lago estate.

Clegg declined to share details of their talks but said that "the conversations at this stage are clearly fairly high level."

Zuckerberg and Trump met on several occasions during Trump's presidency. Trump has been highly critical of Facebook and Zuckerberg over the years, going so far as to say he'd jail Zuckerberg if reelected.

Facebook suspended Trump's account in 2021 over his comments during the Capitol riot; Zuckerberg said at the time that "the risks of allowing the President to continue to use our service during this period are simply too great." Two years later, the company reinstated Trump's Facebook and Instagram accounts.

Unlike Musk, Zuckerberg didn't endorse a presidential candidate this year. In an interview, the Meta CEO said Trump's reaction to being shot at a Pennsylvania rally this summer was "badass."

In his call with reporters, Clegg also discussed Meta's moderation efforts — over which the social-media company has faced criticism from both sides of the aisle — saying the company "overdid it a bit" during the COVID-19 pandemic.

"We know that when enforcing our policies, our error rates are still too high, which gets in the way of the free expression that we set out to enable," he said. "Too often harmless content gets taken down or restricted and too many people get penalized unfairly."

President-elect Trump says he had a "very productive meeting" with Canadian Prime Minister Justin Trudeau at his Mar-a-Lago club in West Palm Beach, Florida, on Friday. 

Trudeau jetted into Mar-a-Lago unannounced on Friday just days after Trump threatened to impose sweeping tariffs on Canadian products. Trump is threatening to impose 25% tariffs on Canada and Mexico over failures by both nations to curb the flow of illegal immigrants and illicit drugs from those countries into the U.S. 

"We discussed many important topics that will require both countries to work together to address, like the fentanyl and drug crisis that has decimated so many lives as a result of illegal immigration, fair trade deals that do not jeopardize American workers and the massive trade deficit the U.S. has with Canada," Trump wrote on Truth Social Saturday.

MUSK, STALLONE AMONG STAR-STUDDED NAMES PARTYING AT TRUMP'S MAR-A-LAGO CLUB FOR THANKSGIVING

"I made it very clear that the United States will no longer sit idly by as our citizens become victims to the scourge of this drug epidemic, caused mainly by the drug cartels, and fentanyl pouring in from China. Too much death and hardship!"

Trump wrote that Trudeau, who has been serving as prime minister of Canada since 2015, made a commitment to work with the U.S. to "end this terrible devastation of U.S. families."

U.S. customs agents seized 43 pounds of fentanyl at the Canadian border last fiscal year, compared with 21,100 pounds at the Mexican border. On immigration, Border Patrol made 56,530 arrests at the Mexican border in October alone and 23,721 arrests at the Canadian border between October 2023 and September 2024 — and Canadian officials say they are ready to make new investments in border security.

MEXICAN PRESIDENT MIGHT BE CHANGING VIEW ON US AS TRUMP WIN SENDS WARNING TO RULING SOCIALISTS 

Trump said the pair also spoke about many other important topics, including energy, trade and the Arctic, although he did not go into further detail. 

"All are vital issues that I will be addressing on my first days back in office, and before," Trump concluded, without saying whether tariffs were still on or off the table. 

Mexican President Claudia Sheinbaum, after speaking with Trump on the telephone, said Thursday she was confident a tariff war with Washington would be averted.

Sen.-elect Dave McCormick, R-Pa., posted a picture to X late Friday showing him at a Mar-a-Lago dinner table along with President-elect Trump, Trudeau, and Cantor Fitzgerald CEO Howard Lutnick, among others. The ritzy club has been a hive of activity since President-elect Trump’s historic election win over Vice President Harris earlier this month as the 45th president co-ordinates his transition back to the Oval Office. 

Tech billionaires Elon Musk and Meta CEO Mark Zuckerberg have also met Trump at the famous location, along with many of those nominated for top roles in the incoming administration. Trump selected Musk to lead an outside advisory panel known as the "Department of Government Efficiency" to slash waste in the federal government.

As he was leaving his West Palm Beach hotel, Trudeau stopped briefly to answer a reporter’s question about the dinner meeting, saying it had been "an excellent conversation."

An official who was not authorized to discuss the matter publicly and spoke to the Associated Press on condition of anonymity, said it had been a "positive, wide-ranging dinner that lasted three hours." 

The official said other topics included defense, Ukraine, NATO, China, the Middle East and pipelines, as well as the Group of Seven meeting in Canada next year.

Fox News’ Louis Casiano and The Associated Press contributed to this report. 

• Disney CEO Bob Iger says diet and exercise are critical to doing his job well.
• Iger said he wakes up early and works out because it gets his mind and body ready for the day ahead.
• He said that exercising gives him energy and helps him to motivate others.

Disney may be known for its magic, but there's nothing mystical about one of CEO Bob Iger's tips for excelling as a leader: diet and exercise.

Iger, 73, wakes up early and works out for about an hour "for sanity and vanity purposes," he told a recent episode of the "In Good Company" podcast.

Exercising clears his head and prepares him for the day ahead, Iger said. "Staying in shape, having stamina is critical for me, and that's eating well and exercising and just taking care of my body and my mind. I could not do this job if I were not in some form of physical and mental health."

Disney is one of the biggest US companies with $90 billion-plus in annual revenues and a market value north of $200 billion.

Iger first served as CEO between 2005 and 2020, spearheading the acquisitions of Pixar, Marvel, Lucasfilm, and 21st Century Fox's entertainment assets. He returned to lead the company in late 2022.

He's widely credited with turning Disney into a hitmaking machine that monetizes successes like "Frozen" across movies, TV shows, theme parks, resorts, cruises, toys, clothes, and video games.

Iger, who is known to rise at 4.15 a.m., said that getting up early vitalizes him and "a great leader has to be an energetic leader."

The Disney chief emphasized he's not a machine and doesn't always come bouncing into the office.

"Look, I'm a human being, so if I'm really tired from global travel and long hours and who knows what, I'm not afraid to show that to my people, because I think that's a way of being relatable," he said. "They feel that too — it's human nature. Sometimes you feel overworked and tired."

But Iger said that "for the most part, you've got to bring your energy to your job every moment of the day, meaning every waking hour, because it's motivating," he said. "Energy is motivating."

Iger is far from the only CEO to prioritize health and fitness. Apple's Tim Cook also wakes before dawn to work out for an hour most days, while Meta's Mark Zuckerberg has taken up martial arts in recent years.

On the other hand, Warren Buffett, the 94-year-old CEO of Berkshire Hathaway, famously enjoys Coca-Cola, McDonald's, and other junk food.

• Peter Thiel, tech billionaire and conservative kingmaker, has amassed influence all over Washington.
• He's close to powerful elected and un-elected political players, like JD Vance and Vivek Ramaswamy.
• Palantir, a company Thiel co-founded, counts the US government as its biggest client.

In August 2021, a mystery buyer purchased a 10,000-square-foot home in Washington, DC. They made the $13 million purchase through Salona Village Holdings LLC, shielding their identity.

That mystery buyer was billionaire Peter Thiel, whose sprawling influence in Washington has grown in recent years. Between mentoring Vice President-elect JD Vance since his time at Yale Law School to running companies with millions in government contracts, Thiel has entrenched himself in the DC world in ways both seen and subtle.

Worth $14.8 billion according to the Bloomberg Billionaire Index, the 57-year-old PayPal confounder was one of the first Silicon Valley leaders to espouse conservative views.

Here's a guide to his influence in Washington, which stretches far beyond the walls of his mansion.

A representative for Thiel did not respond to Business Insider's request for comment.

JD Vance

Thiel played a critical role in orchestrating Vance's rise to the top of Republican politics. The two first met in 2011, when Vance attended a talk Thiel gave at Yale Law School. In a magazine article written nearly a decade later, Vance called Thiel "a good friend" and said his speech was "the most significant moment of my time at Yale Law School."

After graduating from Yale, Vance became a principal at Thiel's VC firm, Mithril Capital. Their mentor-mentee relationship only grew stronger, with Thiel eventually investing heavily in Vance's own venture fund, Narya Capital, and writing a blurb for "Hillbilly Elegy." When Vance decided to pursue politics, Thiel remained by his side, pouring at least $15 million into his 2022 Senate campaign, according to OpenSecrets.

In 2021, Thiel introduced Trump and Vance at Mar-a-Lago, and remained invested in their relationship through the 2024 election. With repeated calls to President-Elect Donald Trump and persistent lobbying, Thiel played an important role in getting Vance on the ticket.

Elon Musk

Musk and Thiel merged their online banking companies in 2000, forming PayPal. Their relationship soured, though, when Thiel ousted Musk as CEO and eventually took over the role. Come 2008, relations had evidently thawed enough for Thiel to make a $20 million investment in SpaceX, one of Musk's companies. The investment was crucial to helping SpaceX recover from a failed rocket launch that same year.

After Trump won the 2024 election, Thiel credited Musk for making other Silicon Valley leaders feel comfortable supporting the president-elect. Musk is one of Trump's top advisors and soon-to-be co-head of the Department of Government Efficiency.

Donald Trump

In 2016, Thiel donated more than $1 million to Trump's presidential campaign. He had a prime-time speaking slot at the Republican National Convention and served as a go-between with Silicon Valley. Thiel said he was disappointed by Trump's first term and didn't donate in 2020 or 2024. Still, he predicted that Trump would win this year.

With Vance anointed as MAGA heir apparent, Thiel and Trump have a chance to rekindle their ties.

Mark Zuckerberg

Mark Zuckerberg may not be a politician, but his influence in Washington runs deep. Between Facebook's role in free speech culture wars, the Federal Trade Commission's ongoing antitrust case against Meta, and Zuckerberg's rocky relationship with Trump, the tech leader is entrenched in the political conversation.

Thiel has a stake in Zuckerberg's involvement. He counts the Facebook founder among his mentees and was the site's first outside investor. Thiel sat on the board of Facebook and wielded great influence as its longest-serving member, but sparred with some of the company's more liberal employees, per the Washington Post. He ended up stepping down in 2022.

In 2019, Thiel, Zuckerberg, and Trump all had dinner at the White House, illustrating the strengthening ties between the tech world and Washington.

Sam Altman

Sam Altman, billionaire co-founder of OpenAI, the company behind ChatGPT, is another one of Thiel's mentees. Thiel offered advice and support throughout Altman's early career, eventually becoming an early investor in OpenAI.

Like other prominent tech companies, OpenAI is under federal scrutiny. The Securities and Exchange Commission is investigating if the company's investors were misguided after board members suddenly ousted Altman as CEO in 2023, the Journal reported.

Beyond the investigation, Altman is becoming more involved in Washington. In the summer of 2023, he began a lobbying campaign in Congress about the future of AI regulation. OpenAI has spent money trying to sway Washington and hired staff with political know-how, per CNBC. As AI policy is poised to become an even bigger political question, Altman's influence — and Thiel's, by proxy — may continue to grow.

Vivek Ramaswamy

Biotech billionaire and former GOP presidential candidate Vivek Ramaswamy is set to co-lead DOGE.

Like Vance, Ramaswamy first met Thiel as a student at Yale Law School — he told PBS that it may have been at the very same speech that so impacted the vice president-elect. At the time, Ramaswamy attended an "intimate lunch seminar" Thiel hosted for a small group of students, per the New Yorker.

Eventually, Thiel threw his wealth behind Ramaswamy. In early 2022, Ramaswamy co-founded Strive Asset Management, an "anti-woke" investment fund, and Thiel was an early investor.

David Sacks

David Sacks, a former PayPal executive and prominent venture capitalist, will serve as the White House's AI and crypto czar during Trump's second term. Thiel and Sacks met at Stanford, where they co-wrote the controversial book, "The Diversity Myth." Both men have apologized for some of the book's content, which downplayed date rape. Sacks also served as editor-in-chief for the Stanford Review, a libertarian newspaper Thiel founded.

In 1999, Sacks joined Thiel's company Confinity, which later became PayPal. He eventually served as PayPal's chief operating officer and continued working closely with Thiel.

As the AI and crypto czar, Sacks will create the country's legal framework for crypto and head a presidential council of advisors on science and technology. The council will, according to the White House's website, be comprised of industry actors, academics, and people from non-profit organizations. Through Sacks, cryptocurrency supporters will likely have a direct line to Trump, Bloomberg reported.

Jim O'Neill

Trump has nominated Jim O'Neill, former CEO of the Thiel Foundation, as the deputy secretary of the Department of Health and Human Services.

A Silicon Valley investor, O'Neill worked at HHS under former President George W. Bush before moving to Thiel's network. During his time as the acting CEO of the Thiel Foundation, O'Neill co-founded the Thiel Fellowship, which gives a $10,000 grant to young people who skip out on or pause college to tackle big projects. In 2012, O'Neill worked with Thiel to launch Mithril Capital Management, the same VC fund where Vance worked. He served as the fund's managing director but left in 2019 — he sued Mithril later that year over claims of unfair business practices and a contract breach.

During Trump's first term, Thiel pushed to have O'Neill fill a prominent health role, per the Post. If confirmed this time around, O'Neill will work closely with Robert F. Kennedy Jr., whom Trump tapped to lead HHS. O'Neill, who has criticized the FDA in the past, would play a big role in HHS' daily operations and policy decisions.

Palantir

Thiel's Washington connections extend to his businesses, especially the data mining company Palantir that he co-founded in 2003. Palantir makes software to manage, analyze, and secure data, and its biggest client is the US federal government.

Federal government contracts helped build Palantir, which started out by partnering with defense and intelligence agencies. The company focuses on counterterrorism efforts and immigration enforcement. Some investors anticipate defense and immigration enforcement will see increased spending under a second Trump administration, meaning Palantir may get a boost.

Blake Masters

An ideological ally of Thiel and Vance, Blake Masters lost his bid for a Senate seat in Arizona to Sen. Mark Kelly, but nonetheless benefited from Thiel's money and support. A decade before running for the Senate in 2022, Masters took Thiel's lecture when he was a student at Stanford Law School. Enthralled by Thiel and the course, Masters posted his notes from the influential class on a website.

The two co-authored a book, and Masters served as chief investment officer at Thiel's investment firm and president of the Thiel Foundation. When Masters pivoted to politics, Thiel donated $13.5 million to Masters' 2022 campaign.

Other elected officials

Though Thiel's most notable political contributions have gone to Vance, Masters, and Trump, he's donated to an array of other politicians and Republican causes. Among his beneficiaries are Sen. Josh Hawley of Missouri and Sen. Ted Cruz of Texas, according to OpenSecrets. He's also given to the Republican National Committee and other GOP-aligned groups.

Thiel isn't entirely partisan with his contributions, though. In 2014 and 2015, he gave at least $70,000 to Gavin Newsom, the Democratic governor of California. Between 2011 and 2016, he also donated at least $7,800 to Rep. Ro Khanna, a Democrat who represents parts of Silicon Valley, per OpenSecrets.

• CEOs are often known for their unique morning routines for optimizing productivity.
• These routines include activities like meditation and early wake-up times.
• One CEO said he likes to spend two hours reading newspapers after he wakes up.

When your daily work schedule involves running a company, starting off your morning right is crucial for many leaders.

From hour-long meditations to 4 a.m. waking times, we examined the morning routines of the CEOs of some of the world's biggest businesses.

Mark Zuckerberg

Like his fitness routine, there's a good chance Mark Zuckerberg's morning habits have evolved over time. But in an old Facebook Live Q&A, the Meta CEO said he wakes up at 8 a.m. and immediately checks Facebook, Facebook Messenger, and WhatsApp on his phone.

His social media browsing usually lasts only a few minutes, he said at the time, though it sometimes stretches out longer depending on the day.

"It's a pretty sad situation, to be honest," he said. "I have contacts, and I can't see very well. And before I put my contacts in, I often look to see what is going on Facebook."

Zuckerberg then usually follows up his screen time with gym time. Although he used to work out at least three times a week, usually running, he told Joe Rogan in 2022 that he didn't like how running gave him time to "think a lot."

Instead, he wanted to find something "that's both super engaging physically but also intellectually" where he is unable to focus on anything else.

"MMA is the perfect thing because if you stop paying attention for one second, you're going to end up on the bottom," Zuckerberg said.

The Facebook founder said on Lex Fridman's podcast in 2023 that he did three to four jiu-jitsu and MMA sessions weekly, along with strength and conditioning work and mobility training.

Tim Cook

The Apple CEO likes to start his morning as early as 4 a.m. to 5 a.m. and spends his first waking hour on emails.

Cook is "pretty religious" about reading a lot of emails from customers and employees, he said in a 2023 episode of "Dua Lipa: At Your Service."

"The customers are telling me things that they love about us or things that they want changed about us. Employees are giving me ideas," he said. "But it's a way to stay grounded in terms of what the community is feeling, and I love it."

Cook then said that he spends an hour at the gym, usually doing strength training.

"I've got somebody to really push me to do things I don't want to do, and I do no work during that period of time at all," he said. "I never check my phone."

Although it's unclear if he eats breakfast daily, he reportedly "dug into scrambled egg whites, sugar-free cereal, unsweetened almond milk, and bacon" during a 2017 interview with Andrew Ross Sorkin, a columnist at The New York Times.

Sam Altman

OpenAI's chief executive wrote in a 2018 blog post that the first few hours of the morning are his "most productive time of the day," so he makes sure to keep those periods free of meetings.

Altman said in the blog post that he rarely eats breakfast, instead opting for a big shot of espresso after waking up. As a result, he said he gets around 15 hours of fasting.

Evan Spiegel

Another early riser, the Snap CEO wakes up at 5 a.m. for some alone time, Spiegel said in a 2018 interview that appeared in the Entrepreneurship Handbook.

"I get up really early, because that's the only time that's 'Evan Time' for me, when people aren't really awake yet," he said. "I get a couple hours between 5 a.m. and 7 a.m. to do whatever I wanna do."

Earlier this year, Snap told Business Insider that Spiegel likes to check the app and his email after waking up and then drinks a double espresso. Then, he goes to the gym for 45 minutes or meditates.

Spiegel told Vogue Australia in 2022 that his wife, Australian model Miranda Kerr, got him "hooked on Kriya meditation," which he called "life-changing."

Kerr, founder of Kora Organics, has also reportedly put Spiegel on the brand's brand's turmeric brightening and exfoliating mask.

"He doesn't use it as an actual mask; he keeps it in the shower and uses it as an exfoliant," Kerr told New Beauty in 2019.

She added, "What he loves about it is that it has peppermint oil in it, so it's so invigorating. He says he can't be without it because it's his little boost of aromatherapy in the morning! It gives him energy!"

Jeff Bezos

The former Amazon CEO seems to have a slightly more relaxed start to his day and said he likes to "putter in the morning," Axios reported in 2018.

"So I like to read the newspaper," he said. "I like to have coffee. I like have breakfast with my kids before they go to school."

He and his fiancé, Lauren Sánchez, have a no-phone rule during the mornings and share a "magic moment" before the kids wake up, Sánchez told People.

The two also try to journal together, she said in 2023 interview with Vogue, though admits that they're "not quite there" yet and do it three times a week. They also enjoy coffee together, with Bezos drinking his morning brew in a self-heating Ember mug.

The billionaire then likes to get in some gym time almost every day. On a good day, Bezos said in a Lex Fridman podcast that he does 30 minutes of cardio and 45 minutes of weightlifting or some kind of resistance training.

"I have a trainer who you know I love who pushes me," Bezos said in the podcast. "Which is really helpful."

Bezos then sets his first meeting at 10 a.m. and said he likes to do his "high-IQ meetings" before noon, according to Axios.

"Like anything that's going to be really mentally challenging, that's a 10 o'clock meeting," he said. "And by 5 p.m., I'm like, 'I can't think about that today. Let's try this again tomorrow at 10 a.m.'"

Peter Warwick

The Scholastic CEO previously told BI that he wakes up between 5:30 a.m. and 6 a.m., drinks coffee, checks emails, and scans the news to start his day.

For world, political, and business news, Warwick turns to The New York Times, Wall Street Journal, and Financial Times. He also likes to keep up with the English Premier League as an Arsenal fan, so he'll check up on The Guardian, The London Times, and the Daily Telegraph to keep up with his team.

At 7 a.m., Warwick and his wife will do some "vigorous" walking or jobbing along The High Line or Hudson River Park — a ritual that the two have done nearly every morning for over a decade.

Warwick then leaves for work at 8:30 a.m., opting to walk 25 minutes to and from his office in SoHo, barring bad weather or late nights. By around 9 a.m., he gets an avocado toast and skinny latte from Cliffords, Scholastic HQ's rooftop café and coffee bar, to enjoy at his desk while going through emails.

Marc Benioff

The Salesforce CEO likes to start his day by meditating for 30 to 60 minutes to manage his stress.

A big fan of the wellness practice, Benioff has worked with monks and nuns from Plum Village in France, even hosting them at his home in 2015.

"I am very interested in keeping a clear head," he said in a 2005 interview with SFGate. "So I enjoy meditation, which I've been doing for over a decade — probably to help relieve the stress I was going through when I was working at Oracle."

He has extended his love of the practice to his employees by having meditation rooms on every floor at a Salesforce building in San Francisco, an idea he said was inspired by the Plum Village monks.

Peter Beck

CEO of space company Rocket Lab, Peter Beck, previously told BI that he starts his day between 4:30 and 5 a.m. in New Zealand by immediately going through emails.

He also completely forgoes breakfast and coffee.

"I can't drink coffee," Beck said. "It completely knocks me out and puts me to sleep."

But sometimes, his mornings can start hours before his already early schedule depending on his company's projects — which can have sporadic timing as a rocket business.

"The rocket launches when the rocket needs to launch," Beck said. "So if that's 2 a.m. in the morning, it's 2 a.m. in the morning."

Bob Iger

When the Disney CEO gets up at 4:15 a.m., he tries to avoid looking at his phone until after his morning exercise routine.

Iger said at a summit hosted by Vanity Fair in 2018 that he tries to exercise and think before he reads.

"Because if I read, it throws me off, it's distracting," he said. "I'm immediately thinking about usually someone else's thoughts instead of my own."

Iger added that he likes being alone with his own thoughts and said that it gives him "an opportunity to not just replenish but to organize, and it's important."

To further protect from distractions, Iger said he works out in a darkened room with the TV on mute, which he watches while his own music plays.

Jack Dorsey

Jack Dorsey, the cofounder of Block and X, formerly Twitter, used to wake up at around 5 a.m. and start his day with 30 minutes of meditation and then a series of seven-minute workouts, he said in a 2015 live chat.

Although he had built a very consistent routine during his time running Twitter, Dorsey said in a 2018 podcast interview with Ben Greenfield that he now wakes up at 6:15 a.m. and begins with an hour of meditation and then a cup of coffee.

"I'll say that my routine today is completely different than my routine three years ago but I feel like I have a lot of it dialed in based on what I'm currently experiencing in terms of stress and just what I have to do every day," Dorsey told Greenfield.

Jaimie Dimon

The JPMorgan CEO starts his morning at 5 a.m. and spends two hours reading five newspapers, analyst and internal bank reports, and even speech transcripts, The Wall Street Journal reported.

He then exercises for 45 minutes, doing aerobics, light weights, or stretches. Despite his voracious appetite for reading, Dimon said he tends not to be hungry in the morning.

• President-elect Donald Trump and Meta CEO Mark Zuckerberg might be cooling their long-simmering feud.
• Zuckerberg and Trump dined at Mar-a-Lago and Meta donated $1 million to Trump's inaugural fund.
• Here's a look at the timeline of Trump and Zuckerberg's rivalry.

Donald Trump and Mark Zuckerberg breaking bread together may have marked the beginning of a new chapter in their relationship.

Last month, Trump and Zuckerberg shared a Thanksgiving eve meal at the president-elect's Mar-a-Lago resort. Trump previously threatened to jail the Meta CEO if he won the 2024 election, illustrating just how important their tête-à-tête might be.

Now, Meta has donated $1 million to Trump's inaugural fund.

Trump and his conservative allies have long criticized Zuckerberg, putting the head of one of the nation's largest companies under a microscope at a critical time.

"It's an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his team about the incoming Administration," a spokesperson for Meta previously said in a statement to Business Insider, confirming the dinner.

Meta is facing an antitrust trial next year. There's bipartisan support for a major rewrite of Section 230, a law that shields Big Tech companies from liability. Zuckerberg has previously supported changing Section 230, but his company could be dramatically affected by how the law is changed.

Like many in Silicon Valley, Zuckerberg quickly expressed concern for Trump after he survived a July assassination attempt. Trump reciprocated by falsely claiming Zuckerberg endorsed him. However, it was a major departure from threatening to jail the tech executive if he tried to influence the 2024 campaign.

Here's a look at how their relationship evolved over the years.

Trump and Zuckerberg have met on multiple occasions.

‪Nice meeting with Mark Zuckerberg of Facebook in the Oval Office today.

Posted by Donald J. Trump on Thursday, September 19, 2019

They had a previously unannounced meeting at the White House in September 2019.

"Mark is in Washington, D.C., meeting with policymakers to hear their concerns and talk about future internet regulation. He also had a good, constructive meeting with President Trump at the White House today," a Meta spokesperson said at the time.

"‪Nice meeting with Mark Zuckerberg of Facebook in the Oval Office today," Trump said of their meeting.

Trump and Zuckerberg met again the following month.

Trump, Zuckerberg, and Peter Thiel had a secret dinner in October 2019.

Thiel, who cofounded PayPal and Palantir, was the first outside investor in Facebook; he was a vocal supporter of Trump in the 2016 presidential election.

"We talked about a number of things that were on his mind, and some of the topics that you read about in the news around our work," Zuckerberg said of the dinner in an interview with "CBS This Morning."

Zuckerberg was in DC to testify before Congress about Facebook's cryptocurrency, Libra.

Trump has said he would've banned Facebook while president, but Zuckerberg "kept calling" him.

In 2021, Trump praised Nigeria for banning Twitter.

"More COUNTRIES should ban Twitter and Facebook for not allowing free and open speech — all voices should be heard," Trump said in a statement at the time.

"Perhaps I should have done it while I was President," he added. "But Zuckerberg kept calling me and coming to the White House for dinner telling me how great I was."

Nigeria lifted its ban on Twitter after seven months.

Trump has lambasted Zuckerberg for indefinitely suspending his Facebook account after his remarks contributing to the January 6 Capitol insurrection.

In 2021, Meta "indefinitely" suspended Trump's accounts following the January 6 Capitol riots, citing "use of our platform to incite violent insurrection against a democratically elected government."

"His decision to use his platform to condone rather than condemn the actions of his supporters at the Capitol building has rightly disturbed people in the US and around the world," Zuckerberg wrote in a post at the time. "We removed these statements yesterday because we judged that their effect -- and likely their intent -- would be to provoke further violence."

Meta in 2023 reinstated Trump's Facebook and Instagram accounts.

In the time since the suspension, Facebook's Oversight Board examined the decision.

Eventually, Meta decided to reinstate Trump's account.

It did so while putting "new guardrails in place to deter repeat offenses," including bigger penalties for any violations of Meta's rules.

As of July 2024, the company has lifted its final restrictions on Trump's account in the run-up to the November presidential election.

In July, Meta removed the additional guardrails that remained in place on Trump's Facebook and Instagram accounts following their reinstatement.

"In assessing our responsibility to allow political expression, we believe that the American people should be able to hear from the nominees for President on the same basis," Meta said in a statement at the time. "As a result, former President Trump, as the nominee of the Republican Party, will no longer be subject to the heightened suspension penalties."

Meta added that it would "review accounts subject to this protocol on a periodic basis to determine whether heightened suspension penalties for Community Standards violations remain appropriate."

Trump has expressed interest in suing Facebook.

"We should be suing Google and Facebook and all that," he said in a June 2019 interview with Fox Business. "Which, perhaps we will."

Trump made the remarks in the context of fines the European Union has levied against big tech firms like Google for breaching the bloc's antitrust rules.

In 2021, Trump did just that.

Trump filed suit against Facebook, Google, Twitter, and the companies' respective CEOs in July 2021, alleging they unlawfully censor him and other conservatives.

In May 2022, Trump's lawsuit against Twitter was dismissed.

So far in 2024, Zuckerberg has said Trump's reaction to being shot at a rally in Butler, Pennsylvania, was "badass."

Zuckerberg expressed awe over Trump's response to getting shot.

"Seeing Donald Trump get up after getting shot in the face and pump his fist in the air with the American flag is one of the most badass things I've ever seen in my life," Zuckerberg told Bloomberg of the attempted Trump assassination. "On some level as an American, it's like hard to not get kind of emotional about that spirit and that fight, and I think that that's why a lot of people like the guy."

But the Meta CEO said he wasn't planning to endorse any candidate for president this election cycle.

Trump says Zuckerberg called him to apologize after Meta's AI chatbot denied the assassination attempt happened.

When asked about the shooting, Meta AI, in some widely-circulated instances, claimed Trump wasn't shot.

"He actually apologized; he said they'd made a mistake," Trump said on "Mornings with Maria" on Fox Business. "He actually announced he's not going to support a Democrat because he can't because he respected me for what I did that day."

A spokesperson for Meta declined to comment but didn't dispute that the two had talked. The spokesperson also referred BI to Zuckerberg's statement last month that he wouldn't be endorsing any presidential candidate in 2024.

As for the Meta AI posts about the shooting, Meta said in a July blog post: "In both cases, our systems were working to protect the importance and gravity of this event. And while neither was the result of bias, it was unfortunate and we understand why it could leave people with that impression. That is why we are constantly working to make our products better and will continue to quickly address any issues as they arise."

Trump had threatened to imprison Zuckerberg.

In July, Trump said he'd pursue "Election Fraudsters" if re-elected and that they'd "be sent to prison for long periods of time."

"We already know who you are. DON'T DO IT! ZUCKERBUCKS, be careful!" Trump wrote on Truth Social at the time.

Zuckerberg and his wife, Priscilla Chan, donated roughly $400 million to nonprofits in 2020 to help state and local governments conduct a presidential election during an unprecedented pandemic. Republicans have remained furious over the donations. Meta has repeatedly tried to repair relationships, but many in the GOP remain incensed even though there's no evidence that the funds favored Democrats.

Amid continued criticism of his donations, Zuckerberg announced he would not make a similar contribution ahead of the 2024 election.

Trump mentioned Zuckerberg in his book, "Save America," and didn't mince words.

Politico reported that Trump included a picture of himself with the Meta CEO, with the caption, "He would bring his very nice wife to dinners, be as nice as anyone could be, while always plotting to install shameful Lock Boxes in a true PLOT AGAINST THE PRESIDENT."

It's unclear when Trump wrote the caption, though he appears to be referring to a $420 million contribution Zuckerberg and his wife made to fund election infrastructure in 2020.

Trump changed his mind on a TikTok ban, seemingly because of how it would likely benefit Meta.

While in office, Trump signed an executive order to ban TikTok, which President Biden revoked upon taking office after Trump.

Trump now views a TikTok ban differently.

"Now that I'm thinking about it, I'm for TikTok because you need competition," Trump told Bloomberg Businessweek in July. "If you don't have TikTok, you have Facebook and Instagram, and that's, you know, that's Zuckerberg."

In March, he made similar comments in an interview on CNBC's "Squawk Box" and referred to Facebook as "an enemy of the people."

"There's a lot of good and there's a lot of bad with TikTok," he said. "But the thing I don't like is that without TikTok, you can make Facebook bigger. And I consider Facebook to be an enemy of the people."

Zuckerberg quickly congratulated Trump on his 2024 win.

Like other major CEOs, Zuckerberg quickly praised Trump after it became apparent that the former president had won the 2024 election.

"Congratulations to President Trump on a decisive victory. We have great opportunities ahead of us as a country," Zuckerberg wrote on Threads on November 6. "Looking forward to working with you and your administration."

They shared a pre-holiday meal, and Meta donated $1 million to his inauguration.

Zuckerberg was invited to dine with Trump on Thanksgiving eve, a Meta spokesperson said.

The Meta CEO traveled to Mar-a-Lago, Trump's Palm Beach club nicknamed "The Winter White House." Trump has been holding meetings there with potential cabinet picks and other top staffers as he prepares to retake the White House in January.

The New York Times reported that Zuckerberg "initiated" the meeting.

Some in Trump's orbit are taking notice of Zuckerberg's efforts.

"Mark Zuckerberg has been very clear about his desire to be a supporter of this and a participant in this change that we're seeing all around America, all around the world with this reform movement that Donald Trump is leading," longtime Trump advisor Stephen Miller, who will also return to the White House, told Fox News.

Miller cautioned "we'll see what comes" of Zuckerberg's rapprochement but made clear that the Meta CEO "understands" the change Trump is seeking.

On December 11, The Wall Street Journal reported that Meta had donated $1 million to Trump's inauguration fund, telling his campaign of the plan ahead of the dinner between the billionaires.

• Mark Zuckerberg had his Porsche Cayenne turned into a one-of-a-kind family minivan.
• Ryan Friedlinghaus, West Coast Customs CEO and "Pimp My Ride" alum, was behind the custom build.
• "That Porsche was probably one of the most technical, craziest ones we've ever done," he told BI.

The mind behind Mark Zuckerberg's custom Porsche Cayenne minivan told Business Insider that the car was one of the most technically challenging builds he's worked on to date.

In October, Zuckerberg showed off in an Instagram post the custom car that was built for his wife, Priscilla Chan. Pictures and a video showed a Porsche Cayenne Turbo GT, a $200,000 SUV, was stretched and retrofitted with automatic sliding doors often seen in minivans.

"New side quest. Priscilla wanted a minivan, so I've been designing something I'm pretty sure should exist: a Porsche Cayenne Turbo GT Minivan," he said in the post. "Threw in a manual GT3 Touring to make it his and hers."

For his request, the Meta CEO turned to West Coast Customs, a California-based auto shop that has become iconic for its loud and elaborate custom car work for high-profile celebrities, including Justin Bieber, Paris Hilton, and Shaquille O'Neal.

The owner of West Coast Customs who was personally responsible for bringing Zuckerberg's car dream to fruition is a West Coast icon in his own right: Ryan Friedlinghaus.

"That Porsche was probably one of the most technical, craziest ones we've ever done," Friedlinghaus said, speaking with BI from the LA Auto Show, which promotes the future of the auto industry. West Coast Customs collaborated with CART Department, an automotive arts platform founded by New York City mega-collector Larry Warsh, to debut an exhibit of custom-made cars at the auto show.

Friedlinghaus said one of the biggest challenges in creating a family-oriented Porsche minivan was installing the sliding doors.

"Originally, it was supposed to have one door, and they wanted two doors and they wanted it to open like the Toyota Sienna minivan," he said.

West Coast Customs can't reveal too much more about the specs and modifications of the car due to a nondisclosure agreement. But Friedlinghaus also said working with a car from a luxury company like Porsche is always a challenge since loyal followers of the brand typically like to adhere to original designs.

"Everybody's such a purist in that space so modifying anything is always a challenge," he said. "So I'm like: I need this to look good obviously for the family and for it to be functional. But what I also want is for people to look at it and be like, 'Wow, did Porsche make that?' And I think we nailed it on that one."

Zuckerberg's minivan is likely to be a one-of-a-kind on the roads. A Porsche spokesperson previously told BI in an email that the company has a "special wishes" department that allows customers to build their own Porsche to their "precise requirements."

"To date we've not yet been asked to create a minivan!" the spokesperson said.

Friedlinghaus started West Coast Customs in the early 1990s with a small shop in Orange County, California. The shop was thrust in the national spotlight in the early 2000s when it served as the main hub for MTV's "Pimp My Ride." The show, hosted by rapper Xhibit, refreshed people's beater rides with outlandish car mods like a hot tub or a pool table in the back of a truck bed.

"It's definitely been a journey," Friedlinghaus said. "I started in a 1,500 square foot shop in Laguna Niguel in '93 and then grew it into the 60,000 square foot shop that we now have in Burbank."

Friedlinghaus said his Burbank, California, shop is mostly on "cruise control" and that his main point of focus for the past three years has been West Coast Customs Academy, a nonprofit organization that provides students hands-on training for customizing cars.

Friedlinghaus said he first envisioned the academy to be a paid program, where students would be pay a tuition. But the founder said he turned the academy into a free training program after he felt the students who couldn't afford the tuition had a higher appreciation for the work and opportunity.

"I feel like that's going to be the legacy of my brand and everything is going to fall back on this," Friedlinghaus said. "The West Coast Customs Academy is going to be my final chapter."

• Mark Zuckerberg met with President-elect Donald Trump at Mar-a-Lago in Florida.
• Trump and Zuckerberg, who did not endorse a candidate for president, have had a rocky relationship.
• Trump previously threatened to jail Zuckerberg if he was elected.

Mark Zuckerberg became the latest tech CEO to meet with President-elect Donald Trump.

The Meta CEO met with Trump at the latter's Mar-a-Lago resort in Florida on Wednesday, the night before Thanksgiving. A spokesperson for Meta confirmed to Business Insider that the dinner occurred. The New York Times first reported the meeting.

"It's an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his team about the incoming Administration," the statement said.

Details about the meeting were not immediately clear. Representatives for Trump did not respond to requests for comment from Business Insider.

Zuckerberg did not endorse a candidate for president in the 2024 election.

He has had a contentious relationship with Trump, who earlier this year threatened to jail the billionaire if he were elected.

Zuckerberg praised how Trump responded to the assassination attempt in July.

"On a personal note, seeing Donald Trump get up after getting shot in the face and pump his fist in the air with the American flag is one of the most badass things I've ever seen in my life," Zuckerberg said.

After Trump won the election, Zuckerberg was among the many tech and business leaders who congratulated him.

"Congratulations to President Trump on a decisive victory. We have great opportunities ahead of us as a country," he wrote in a Threads post the day after the election. "Looking forward to working with you and your administration."

Trump and Zuckerberg met at least twice during the president-elect's first term, including in an unannounced White House meeting and at a secret dinner with billionaire Peter Thiel in October 2019, according to several reports.

In 2021, Trump suggested he should have banned Facebook while he was in office, but said, "Zuckerberg kept calling me and coming to the White House for dinner telling me how great I was."

Facebook suspended the former president's account on the platform after the January 6, 2021, Capitol insurrection. Meta reinstated Trump's accounts in 2023.

Zuckerberg isn't the only tech CEO to visit Mar-a-Lago in the wake of Trump's win.

Billionaire Elon Musk, who played a major role in Trump's campaign, spent election night with Trump at the Florida resort and has spent time there since.

Update: November 27, 2024 — This story has been updated with a statement from Meta confirming the meeting.

• The world's 10 biggest wealth gainers have grown $790 billion richer in 2024.
• Elon Musk leads the list with a $257 billion gain that has boosted his net worth to $486 billion.
• Mark Zuckerberg, Jeff Bezos, Larry Ellison, and Jensen Huang are all up more than $70 billion.

Ten people have grown their personal fortunes by a combined $790 billion this year — a figure larger than the market value of Walmart ($767 billion).

The biggest wealth gainers of 2024 include Tesla CEO Elon Musk, Meta CEO Mark Zuckerberg, Amazon chairman Jeff Bezos, Oracle chairman Larry Ellison, and Nvidia CEO Jensen Huang, according to the Bloomberg Billionaires Index.

The buzz around artificial intelligence, a solid outlook for the US economy, and market expectations about Donald Trump's second term in office have boosted their companies' stock prices, benefiting them as major shareholders.

Here are the 10 greatest wealth builders this year as of the market close on Tuesday, December 17.

1. Elon Musk

Year-to-date wealth gain: $257 billion

Net worth: $486 billion

Source of wealth gain: Tesla and SpaceX stock

Elon Musk is the CEO of automaker Tesla and spacecraft manufacturer SpaceX. He's also the owner of X, the social network previously known as Twitter, along with Neuralink, xAI, and The Boring Company.

Musk's $257 billion wealth gain this year exceeds the total net worth of Jeff Bezos, the second-richest person on the planet. The serial entrepreneur could soon become the first individual to amass a $500 billion fortune.

2. Mark Zuckerberg

Year-to-date wealth gain: $90.9 billion

Net worth: $219 billion

Source of wealth gain: Meta stock

Mark Zuckerberg is the cofounder and CEO of Meta, the parent company of Facebook, Instagram, WhatsApp, and Threads.

Meta stock has soared 75% this year as investors wager Zuckerberg's big bets on AI and the metaverse will pay off in the years ahead. Zuckerberg has added about $90 billion to his net worth as a result, propelling him into third place on Bloomberg's rich list.

3. Jeff Bezos

Year-to-date wealth gain: $72.9 billion

Net worth: $250 billion

Source of wealth gain: Amazon stock

Jeff Bezos is Amazon's founder, executive chairman, and former CEO.

Amazon shares have leaped 52% this year as investors bet the online retailer can harness AI to supercharge its sales and leverage Amazon Web Services to become a key provider of cloud infrastructure to AI companies.

4. Larry Ellison

Year-to-date wealth gain: $70.4 billion

Net worth: $193 billion

Source of wealth gain: Oracle and Tesla stock

Larry Ellison is the cofounder, executive chairman, and chief technology officer of Oracle, one of the largest enterprise software companies.

Oracle stock has jumped 61% this year as the company has emerged as a key provider of cloud data centers for AI businesses, fueling a $70 billion increase in Ellison's net worth.

Ellison purchased more than 1.5% of Tesla prior to joining its board in December 2018, making him the electric-vehicle maker's second-largest individual shareholder after Musk. He's believed to have retained his stake, now worth upward of $20 billion, since resigning as a director in 2022.

5. Jensen Huang

Year-to-date wealth gain: $70 billion

Net worth: $114 billion

Source of wealth gain: Nvidia stock

Jensen Huang is the founder and CEO of Nvidia, the graphics chip maker that has emerged as a critical seller of "picks and shovels" to the AI gold rush.

Nvidia's stock has surged 163% this year, making it one of the world's most valuable companies with a $3.2 trillion market value and lifting Huang's net worth by $70 billion.

6. Michael Dell

Year-to-date wealth gain: $48.9 billion

Net worth: $127 billion

Source of wealth gain: Dell Technologies stock

Michael Dell is the founder and CEO of Dell Technologies, the maker of PCs, printers, and other computing equipment.

Dell shares have soared 55% this year as the company has shifted its focus toward AI-powered devices and servers.

7. Larry Page

Year-to-date wealth gain: $47.4 billion

Net worth: $174 billion

Source of wealth gain: Alphabet stock

Larry Page cofounded Google in 1998 and was the company's CEO until 2001 and again between 2011 and 2015 after Google was restructured as a subsidiary of Alphabet.

Alphabet shares have surged 40% this year as investors wager the search-and-advertising titan can dominate AI. The stock jump has fueled a $47 billion rise in Page's net worth.

8. Jim Walton

Year-to-date wealth gain: $45.1 billion

Net worth: $118 billion

Source of wealth gain: Walmart stock

Jim Walton is the youngest son of Walmart founder Sam Walton and, like his siblings, one of the retailer's largest shareholders with an 11%-plus stake.

Walmart stock has climbed 82% this year, fueled by resilient consumer spending in the face of historic inflation and soaring interest rates in recent years. The surge led to Walton amassing a $100 billion fortune for the first time in September.

9. Alice Walton

Year-to-date wealth gain: $44.4 billion

Net worth: $114 billion

Source of wealth gain: Walmart stock

Alice Walton is the only daughter of Walmart founder Sam Walton.

She overtook L'Oréal heiress Françoise Bettencourt Meyers in August to become the world's richest woman.

10. Rob Walton

Year-to-date wealth gain: $43.8 billion

Net worth: $115 billion

Source of wealth gain: Walmart stock

Rob Walton is the eldest son of Sam Walton and an heir to the Walmart fortune.

He and his siblings owe a big chunk of their wealth to their father, who handed them each a 20% stake in the family business over 70 years ago instead of having them inherit his fortune upon his death, in turn avoiding paying billions of dollars in estate taxes.