"Bernard Arnault, of French luxury group LVMH, Amancio Ortega, the Spanish clothing mogul, and Warren Buffett, the US investor, were the only old-school billionaires among the top 10 [on Forbes magazine’s billionaires list] in 2025. The rest largely made their money from high-tech:"

~ Eduardo Porter

#TechBros #broligarchy #billionaires #oligarchy #EconomicElites #economy #GlobalEconomy #SiliconValley
/1

https://www.theguardian.com/technology/2026/mar/08/billionaires-tech-oligarchs

Tech oligarchs reshape humanity while billionaires of old seem quaint

From Gates to Musk and Altman, today’s ultra-rich steer AI and tech, raising questions about who decides the future

The Guardian

"Elon Musk, Jeff Bezos, Mark Zuckerberg, Larry Ellison, Steve Ballmer and Google’s Sergey Brin & Larry Page. The top 10 amassed over $16trn, which is about 8% of US GDP.

This evolution offers a startling reminder of how fast new technologies have revolutionized the world economy over the last quarter-century, and how narrowly this brave new world is sharing the fruits of its prosperity."

#TechBros #broligarchy #billionaires #oligarchy #EconomicElites #economy #GlobalEconomy #SiliconValley
/2

"It raises a critical question: what happens when a narrow clutch of oligarchs at the helm of the technological revolution, sitting at the apex of wealth and power, get to determine the direction of humanity?"

#TechBros #broligarchy #billionaires #oligarchy #EconomicElites #economy #GlobalEconomy #SiliconValley #ElonMusk #JeffBezos #MarkZuckerberg #LarryEllison #SteveBallmer #SergeyBrin #LarryPage.
/3

@wdlindsy Nobody, nobody AT ALL, needs THAT much money. 🤬
@Eetschrijver And that much power.
@wdlindsy Oh, absolutely. That's totally obscene as well.