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Chronicles

The story behind the story

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The top 10 US tech billionaires collectively added $550B+ to their combined net worth in 2025, reaching $2.5T by December 24, up from $1.9T at the year's start

NVIDIA's revenue exploded from ~$61B in FY2024 to ~$120B run-rate exiting 2025, roughly ~95% YoY growth at the peak. … Bluesky: @thebluenami.is.democrat : m@ga been trained to obey every word from the oligarchy at this point...but come the f*&k on  —  thanks to the AI bubble, tech titans have added over $500B collectively to their net worth  —  meanwhile, 🍊🐷 continues to lie about a check paid for by tariffs for them 🤢 … Mary Grace / @emgeekay : Musk's net worth increased by nearly 50% year-on-year to $645bn.  Musk sits ahead of Google co-founder Larry Page and Amazon founder Jeff Bezos in the overall rankings of the world's wealthiest billionaires.  Page is estimated to be worth $270bn, and Bezos $255bn.  —  www.theguardian.com/business/ 202... Fabio Chiusi / @fabiochiusi : Tax them out of existence, now  —  www.theguardian.com/business/ 202... David Arditi / @davidarditi : I describe this process in Digital Feudalism.  Even calling them “barons”.  Unironically, Baron Bezos' paper isn't writing about it . . . again, as I describe in the book  —  www.theguardian.com/business/ 202... Ian Moody / @ianmoody : AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025.  Elon Musk's net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gains.  —  www.theguardian.com/business/ 202... Mike Friedman / @mfriedmannola : Let me fix that: “Americas wealthiest tech billionaires inflated their net worth by sucking at the teat of the AI bubble which could pop any day now.  When it pops things are going to get ugly very quickly.” @onedimental : These guys are a result of massive policy failure they and their forebears straight-up paid for.  —  I don't mind wealthy people existing but I think a system that allows the net wealth output of an entire planet to effectively be captured by seven or whatever families is broken af. Thor Benson / @thorbenson : $1 billion is enough to make you and the next several generations of your family rich.  These guys gain that much and barely notice Michael McDonald / @electproject : At some point we must come to a reckoning of how meme-driven investors prop up failsons who leverage the unsound investments into their failing ventures to extend their warped views through media ownership [embedded post] @themassspy : Amount of tax due on their unearned $550 billion windfall: $0.00.  [embedded post] Thor Benson / @thorbenson : [GIF of Alfred Hitchcock with both hands pulling a guillotine] @nothingsmonstrd : This is why we hear “we must add AI to everything” all the time: So misers can add more billions to their hoards.  —  When the bubble pops, some of their nominal wealth will go away, but they will have cashed out to end up richer than they were at the start.  —  It's small fry who will be destroyed. … @grudgie : Extreme wealth is an existential crisis [embedded post] Michael Derby / @michaelsderby : New Gilded Age [embedded post] @satansjacuzzi : AI is an enemy of the working class until it can be turned against its masters [embedded post] Justin Hendrix / @justinhendrix : “The top 10 US tech founders and chief executives possessed nearly $2.5tn in cash, equity and other investments at the close of trading in New York on Christmas Eve, according to Bloomberg data.” Mastodon: @ChrisMayLA6@zirk.us : The AI boom (bubble) is further concentrating wealth in a tech-related global elite....  So, when the bubble bursts (as out will), its them that will also lose a lot of money (on paper, at lest), but will also likely stoke up their further resentment of the normal folk they've been exploiting & manipulating to gain their riches in the first place. … Kyle Montanio / @FantasticalEconomics@mas.to : Just in case you needed another reason to hate #AI.  —  “A stock market boom in artificial intelligence companies has added more than half a trillion dollars to the wealth of America's tech barons in the past year, data shows.”  —  The AI hype trainers will claim this tech will lead to a utopia of equality with no one needing to work; don't believe them. …

Financial Times Rafe Rosner-Uddin

Discussion

  • @thebluenami.is.democrat @thebluenami.is.democrat on bluesky
    m@ga been trained to obey every word from the oligarchy at this point...but come the f*&k on  —  thanks to the AI bubble, tech titans have added over $500B collectively to their net worth  —  meanwhile, 🍊🐷 continues to lie about a check paid for by tariffs for them 🤢 …
  • @emgeekay Mary Grace on bluesky
    Musk's net worth increased by nearly 50% year-on-year to $645bn.  Musk sits ahead of Google co-founder Larry Page and Amazon founder Jeff Bezos in the overall rankings of the world's wealthiest billionaires.  Page is estimated to be worth $270bn, and Bezos $255bn.  —  www.theguar…
  • @fabiochiusi Fabio Chiusi on bluesky
    Tax them out of existence, now  —  www.theguardian.com/business/ 202...
  • @davidarditi David Arditi on bluesky
    I describe this process in Digital Feudalism.  Even calling them “barons”.  Unironically, Baron Bezos' paper isn't writing about it . . . again, as I describe in the book  —  www.theguardian.com/business/ 202...
  • @ianmoody Ian Moody on bluesky
    AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025.  Elon Musk's net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gains.  —  www.theguardian.com/business/ 202...
  • @mfriedmannola Mike Friedman on bluesky
    Let me fix that: “Americas wealthiest tech billionaires inflated their net worth by sucking at the teat of the AI bubble which could pop any day now.  When it pops things are going to get ugly very quickly.”
  • @onedimental @onedimental on bluesky
    These guys are a result of massive policy failure they and their forebears straight-up paid for.  —  I don't mind wealthy people existing but I think a system that allows the net wealth output of an entire planet to effectively be captured by seven or whatever families is broken …
  • @thorbenson Thor Benson on bluesky
    $1 billion is enough to make you and the next several generations of your family rich.  These guys gain that much and barely notice
  • @electproject Michael McDonald on bluesky
    At some point we must come to a reckoning of how meme-driven investors prop up failsons who leverage the unsound investments into their failing ventures to extend their warped views through media ownership [embedded post]
  • @themassspy @themassspy on bluesky
    Amount of tax due on their unearned $550 billion windfall: $0.00.  [embedded post]
  • @thorbenson Thor Benson on bluesky
    [GIF of Alfred Hitchcock with both hands pulling a guillotine]
  • @nothingsmonstrd @nothingsmonstrd on bluesky
    This is why we hear “we must add AI to everything” all the time: So misers can add more billions to their hoards.  —  When the bubble pops, some of their nominal wealth will go away, but they will have cashed out to end up richer than they were at the start.  —  It's small fry wh…
  • @grudgie @grudgie on bluesky
    Extreme wealth is an existential crisis [embedded post]
  • @michaelsderby Michael Derby on bluesky
    New Gilded Age [embedded post]
  • @satansjacuzzi @satansjacuzzi on bluesky
    AI is an enemy of the working class until it can be turned against its masters [embedded post]
  • @justinhendrix Justin Hendrix on bluesky
    “The top 10 US tech founders and chief executives possessed nearly $2.5tn in cash, equity and other investments at the close of trading in New York on Christmas Eve, according to Bloomberg data.”