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Listen to this article in summarized format The increase marked the largest wealth gain for the group during the first nine months of any year on record, according to figures from the Bloomberg Billionaires Index cited by The Kobeissi Letter. The surge pushed the combined wealth of technology billionaires to a record $4.6 trillion, accounting for 36% of the total wealth tracked by the index. Technology billionaires represent only around 20% of its members, highlighting the sector’s disproportionate share of billionaire wealth accumulation. The gains stand in sharp contrast to the performance of billionaires in other sectors. Those outside technology collectively lost $62 billion over the same period, according to The Kobeissi Letter. The consumer sector recorded the steepest decline, with billionaire fortunes falling by $279 billion between January and September 2026. The communications sector also saw substantial losses, with wealth declining by $92 billion. Among the sectors that recorded gains, financial billionaires added $267 billion to their combined fortunes, while those in industrials gained $65 billion. Energy billionaires saw their wealth increase by $24 billion, while fortunes in materials rose by $3 billion. Other sectors recorded declines. Billionaire wealth in healthcare fell by $33 billion, while real estate fortunes dropped by $11 billion. The utilities sector recorded a comparatively modest decline of $5 billion. The geographical concentration of wealth gains was equally striking. Americans accounted for 94% of the total net wealth gains recorded by the Bloomberg Billionaires Index in the first nine months of 2026, according to the figures cited by The Kobeissi Letter. That dominance was reflected in the global wealth rankings. Since September 10, all 10 of the world’s richest individuals have been American, marking the first time this has occurred since data collection began in 2012, The Kobeissi Letter reported. Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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