The combined net worth of the 500 richest people surged by $1.5 trillion in 2023, fully rebounding from the $1.4 trillion lost the year prior due to factors such as intense hype around artificial intelligence and successes of Tesla Inc., SpaceX, Amazon.com Inc., Meta Platforms Inc., and others. However, not all billionaires fared well in 2023, with Indian billionaire Gautam Adani losing a significant amount due to factors such as the value of his group being tanked by short-seller Hindenburg Research.

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