CNN BUSINESS | The world’s 500 richest people became $1 trillion richer last year

Elon Musk, the world’s richest person, alone gained nearly $118 billion in just the last 12 months.

New York (CNN Business) – The world’s wealthiest people, whose fortunes already strained comprehension, collectively gained $1 trillion last year, according to Bloomberg’s Billionaires Index.

Elon Musk, the world’s richest person, alone gained nearly $118 billion in just the last 12 months. Meanwhile, the United Nations estimated 150 million people fell into poverty in 2021.

Other big gainers in the billionaire bunch: Luxury goods magnate Bernard Arnault (up $62.7 billion) and Google buddies Larry Page and Sergey Brin (up $47 billion and $45 billion, respectively). Mark Zuckerberg’s year was the stuff of tech titan nightmares, but he’s still about $25 billion richer for it.  –read more–