The newly announced trade agreement between the United States and China has not only eased global economic tensions but also resulted in a massive wealth surge of $83.7 billion for the world’s top 10 billionaires in a single day.

Driven by a bullish reaction in global stock markets, the tech sector especially saw soaring stock prices that significantly increased the net worth of major tech moguls.

Zuckerberg Leads the Billionaire Gains

Mark Zuckerberg, co-founder of Meta (formerly Facebook), was the biggest winner, adding $16.1 billion to his fortune. He was closely followed by Jeff Bezos, founder of Amazon, whose wealth grew by $14.3 billion.

Elon Musk, the world’s richest man and CEO of Tesla, wasn’t far behind with a $14.5 billion gain.

Strong Presence from Europe and Asia

Although tech billionaires dominated the list, some non-tech names also reaped benefits. French luxury mogul Bernard Arnault added $7.1 billion to his wealth, remaining Europe’s wealthiest individual.

Indian tycoons Mukesh Ambani and Gautam Adani also made the list, adding $4.42 billion and $5.31 billion, respectively, amid eased tensions between India and Pakistan.

Tech Giants at the Core

Billionaires from Dell, Nvidia, Oracle, and Alphabet all saw substantial gains. Alphabet’s recently announced plan to establish a major AI center in Saudi Arabia as part of Vision 2030 further illustrates the booming confidence in the tech sector.