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Technology, as it often does during periods of disruption, became the primary engine of this new wealth. Companies that facilitated remote work, e-commerce, and digital communication became the epicenters of the economic universe. The market capitalization of giants like Amazon, Apple, and Microsoft did not just grow; it exploded. The individuals at the helm of these corporations, along with the early-stage venture capitalists who had bet on them, saw their net worth increase by billions, if not hundreds of billions, of dollars. A single percentage point gain in the stock price of a tech giant translates into wealth for its founders that rivals the GDP of small nations. This dynamic was the dominant force in defining the highest net worth in 2020. While sectors like travel, hospitality, and retail hemorrhaged value, the tech and stock markets became a fortress of capital, and the individuals guarding its gates became the wealthiest people in history.
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