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  • Largely thanks to a wave of investor enthusiasm for artificial intelligence, 30% of the Forbes 400 total $500 billion gain in wealth over the past 12 months came from just four people.

  • Oracle co-founder, Larry Ellison, Meadow co-founder of Mark Zuckerberg and video co-founder Jensen Huang and Dell Technologies founder Michael Dell.

  • Here's a list of the tech billionaires who have gained the most in wealth since last year's Forbes 400.

  • At number 10, Bill Gates.

  • Like everyone else, Gates is going all in on AI, heading a letter in March calling the technology as revolutionary as mobile phones and the internet.

  • In June, Gates joined a 1.3-billion-dollar funding round for AI chatbot startup inflection.ai.

  • He personally invested alongside Microsoft, which has been benefiting from its own early bets on artificial intelligence including a stake in chat GPT developer OpenAI.

  • Shareholders are bullish too, driving up Microsoft stock by 31% over the past year.

  • At number nine, Rick Cohen and his family.

  • The billionaire behind Walmart's warehouse robots saw his fortune rise 113% this year,

  • thanks mostly to soaring share prices for Symbotic, his company, named for the symbiotic relationship between warehousing and robots.

  • At number eight, Jeff Bezos.

  • Amazon's share price is rebounding, thanks in part to higher profits and cost-cutting measures, including 27,000 layoffs within the year.

  • So is Bezos.

  • In May, he reportedly got engaged to Lauren Sanchez, a former La TV anchor whose apparent likeness he had carved onto his new 417-foot sailing yacht Kuru.

  • At number 7 Steve Ballmer.

  • The former CEO of Microsoft is mostly focused on the LA Clippers these days, including spearheading construction of a 2-billion-dollar Ultra Lux new arena for that NBA team.

  • But he still owns enough Microsoft stock to push his net worth up. An estimated 18 billion dollars this year.

  • At number six, Sergey Brin and number five, Larry Page.

  • Google's 25th anniversary year was lucrative one for co-founders Paige and Brynn.

  • They're each 21 billion dollars richer this year thanks to a 26% jump in the shares of Google parent Alphabet.

  • Brin is also turning his Focus to AI, returning to the Tech Giant in his most hands-on role in years working on Google's AI efforts.

  • Page and Brin both stepped down from day-to-day rules in 2019 but remained on Alphabet's board.

  • At number 4, Michael Dell.

  • Largely thanks to an insatiable demand for servers from AI companies and possible inclusion in the S&P 500, shares of Dell Technologies are up 87 since last year.

  • Dell is also in line for a potential 20 billion-dollar payday in October when Dell's cloud computing spin-off VMware is set to sell to semiconductor giant Broadcom for 61 billion dollars after receiving regulatory approval in August.

  • At number three, Johnson Hong.

  • The Taiwan-born Oregon State graduate founded Nvidia in 1994, took it public in 1999 and has the company logo tattooed on his arm.

  • Nvidia produces more of the chips used for AI systems than pretty much anyone else.

  • As such shares are up more than 200% since last year's Forbes 400 and optimistic analysts say the newly crowned trillion-dollar company doesn't show signs of slowing down anytime soon.

  • At number two, Mark Zuckerberg.

  • After a terrible 2022 for Meta with the collapsing share price crumbling profits and substantial fourth-quarter layoffs, a share price U-turn boosted Zuckerberg's fortune by nearly 50 billion dollars this year to 106 billion.

  • And at number one, Larry Ellison.

  • In absolute terms no one in America has gotten richer this year than Ellison, who is 57 billion dollars better off after a 47% rise in shares of his software firm, Oracle.

  • In June, Ellison, the company's founder, chief technology officer, and 40% shareholder, took the opportunity to cash out about $640 million pre-tax worth of stock optionsthe first time he sold shares in two years."

Largely thanks to a wave of investor enthusiasm for artificial intelligence, 30% of the Forbes 400 total $500 billion gain in wealth over the past 12 months came from just four people.

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