From Elon Musk to Warren Buffett: American Billionaires Crushed it in the First Half of 2023
The market is off to a red-hot start this year, up more than 15% as we enter the second half of 2023, and investors from retail to institutional have done well, including some of the richest people in the world. After the market fell about 20% in 2022, America's billionaires, many of whom run companies that they also own a significant amount of stock in, have recouped much of those losses and are doing much better now. Let's take a look.
Data company and news publisher Bloomberg maintains a Billionaires Index, which tracks billionaires' assets broken down into cash, private assets, public assets, and miscellaneous liabilities. Bloomberg then tracks the changes in each billionaire's net worth.
Source Fool.com
