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Tech billionaires gain $119B in one day led by Musk
The combined wealth of the world's top 10 billionaires increased by approximately 119 billion dollars in a single session, led by Elon Musk, whose fortune grew by about 35.7 billion dollars to reach 719 billion dollars, driven by strong gains in American tech stocks. This occurred amid technology sector dominating most of the gains, as 9 out of the 10 billionaires are connected to American tech companies. The wealth is heavily concentrated in the artificial intelligence and cloud computing sectors, reflecting the strength of this industry in generating global wealth.
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