meta_pixel
Tapesearch Logo
Log in
Forbes Topline

The American Tech Billionaires Who Gained The Most In 2023 | Forbes

Forbes Topline

Forbes

Business News, News, Entrepreneurship, Business

4.86 Ratings

🗓️ 3 November 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Artificial intelligence and massive cost cutting drove up tech fortunes by $280 billion. But some people did much better than others, as just four techies, including Nvidia’s Jensen Huang, rose a combined $250 billion. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Largely thanks to a wave of investor enthusiasm for artificial intelligence,

0:05.1

30% of the Forbes 400's total $500 billion gain in wealth over the past 12 months

0:10.9

came from just four people.

0:14.8

Oracle co-founder Larry Ellison, Meadoc co-founder Mark Zuckerberg,

0:16.8

and video co-founder Jensen Huang

0:18.8

and Dell Technologies founder Michael Dell.

0:21.6

Here's a list of the tech billionaires who have

0:24.2

gained the most in wealth since last year's Forbes 400. At number 10, Bill Gates. Like

0:30.2

everyone else, Gates is going all in on AI, heading a letter in March calling the technology

0:35.6

as revolutionary as mobile phones and the internet. In June, Gates joined a 1.3 billion dollar

0:41.8

funding round for AI Chatbot startup inflection about AI.

0:46.4

He personally invested alongside Microsoft which has been benefiting from its own early

0:51.0

bets on artificial intelligence including including a stake in chat

0:54.7

GPT developer Open AI. Shareholders are bullish too, driving up Microsoft stock by

1:00.8

31% over the past year.

1:03.8

At number nine, Rick Cohen and his family.

1:06.5

The billionaire behind Walmart's warehouse robots

1:08.8

saw his fortune rise 113% this year,

1:12.0

thanks mostly to soaring share prices for symbiotic, his company named for

1:16.3

the symbiotic relationship between warehousing and robots.

1:20.4

At number 8, Jeff Basis, Amazon's share price is rebounding thanks in part to higher profits and cost cutting measures, including 27,000 layoffs within the year.

1:31.0

So is Bezos. In May May he reportedly got engaged to Lauren Sanchez, a former L.A. TV anchor whose apparent likeness he had carved onto his new 417 foot sailing at Coru.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Forbes, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Forbes and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.