Biggest wealth gains in 2023

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In 2023, the biggest wealth gains were seen among the world's richest individuals and in the stock market, particularly in technology and consumer discretionary stocks. Elon Musk, the CEO of Tesla and SpaceX, led the world's richest individuals with a significant wealth gain, reclaiming the title of the world's richest person. Musk's net worth increased by $108.4 billion in 2023, reaching a total of $254.9 billion. In the stock market, the S&P 500's biggest winners included Nvidia Corp., which saw a 241% increase, and Meta Platforms Inc., which saw a 196% increase. Other notable gainers included Royal Caribbean Group (165% increase), Builders FirstSource (160% increase), and Carnival Corp. (134% increase). The top-performing stocks of 2023 among companies that trade on major U.S. exchanges and have market capitalizations of at least $1 billion included Carvana Co. (469.6% increase), MoonLake Immunotherapeutics (393.4% increase), and AppLovin Corp. (246.1% increase). The best-performing assets of 2023 included technology stocks, with the Nasdaq Composite Index growing by 43.3% year to date as of December 19, 2023. It's important to note that these gains are subject to market fluctuations and other economic factors, and past performance does not guarantee future results.
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