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In 2024, the rich largely got richer as tech stocks flew and markets experienced a postelection bump. However, some luxury titans shed billions amid an industry downturn. Here are the biggest billionaire winners and losers of the year, according to their net worth. Advertisement 2024 was a good year to be a billionaire. The S&P 500 gained 25% this year, while the Nasdaq grew 33%. The uberwealthy, many of whom are invested in companies on each index, benefited greatly. Advertisement The five billionaires who gained the most wealth in 2024 saw their net worths climb a collective $542 billion, according to the Bloomberg Billionaires Index as of December 27. These billionaires all come from the tech sector, where AI fever and a postelection rally pushed many stocks to all-time highs. There were, though, those whose fortunes took a hit. Some billionaires whose money comes from luxury retail , which struggled this year, lost double-digit billions. Advertisement Here are the billionaires who gained and lost the most this year — and just how much their fortunes changed as of December 27.Several members of Donald Trump's incoming US administration have received threats including bomb alerts, the FBI said Wednesday, with one nominee reporting a pipe-bomb scare sent with a pro-Palestinian message. The President-elect's picks for UN ambassador and head of the Environmental Protection Agency, as well as his former choice to be US attorney general, said they were among those who had received the threats. "The FBI is aware of numerous bomb threats and swatting incidents targeting incoming administration nominees and appointees, and we are working with our law enforcement partners," the agency said in a statement. Swatting refers to a practice in which police are summoned urgently to someone's house under false pretenses. Such hoax calls are common in the United States and have seen numerous senior political figures targeted in recent years. Karoline Leavitt, a spokeswoman for Trump's transition team, said that several appointees and nominees "were targeted in violent, unAmerican threats to their lives and those who live with them." Outgoing President Joe Biden "has been briefed" on the threats, the White House said. "The White House is in touch with federal law enforcement and the President-elect’s team, and continues to monitor the situation closely," a spokesperson said in a statement. "The president and the administration unequivocally condemn threats of political violence." Biden has vowed a smooth and peaceful presidential transition -- in contrast to when Trump riled a mob that attacked the US Capitol in January 2021 with false claims of election fraud. Elise Stefanik, a Trump loyalist congresswoman tapped to be UN ambassador, said her residence in New York was targeted in a bomb threat. More from this section She said in a statement that she, her husband, and small son were driving home from Washington for the Thanksgiving holiday when they learned of the threat. Lee Zeldin, Trump's pick to lead the Environmental Protection Agency, said his home was targeted with a pipe bomb threat sent with a "pro-Palestinian themed message." The former congressman from New York said he and his family were not home at the time. Matt Gaetz, who dropped out as Trump's pick to be attorney general after facing opposition over sexual misconduct allegations, reposted Zeldin's message on X and said: "Same." Scott Turner, the nomine for Housing Secretary and a retired NFL player, and Trump's pick for Labor Secretary, meanwhile also said they had also received bomb threats at their homes. Fox News Digital quoted unidentified sources saying that John Ratcliffe, Trump's nominee to head the CIA, and Pete Hegseth, the defense secretary pick, were additionally targeted. Ahead of his return to the White House in January, Trump has already swiftly assembled a cabinet of loyalists, including several criticized for a severe lack of experience. The Republican, who appears set to avoid trial on criminal prosecutions related to attempts to overturn his 2020 election loss, was wounded in the ear in July in an assassination attempt during a campaign rally. The shooter was killed in counter-fire. In September, authorities arrested another man accused of planning to shoot at Trump while he played golf at his course in West Palm Beach, Florida. Leavitt appeared to reference the previous incidents, saying that "with President Trump as our example, dangerous acts of intimidation and violence will not deter us." bur-dk/sms

At the wheel of his little blue and white boat, Hans Unkles is used to the solitary life of a creel fisherman with just the glorious scenery of the Sound of Jura, the wind in his face and the gentle slap of the water against the hull of the Lorna Jane for company. These days though, he cuts an even lonelier figure. Gliding silently through the water on a boat powered not by smelly and noisy diesel but by solar power and electricity, he’s in a world of his own. Nowhere else in the UK or, he reckons, the world is there another commercial fishing boat quite like Lorna Jane. Built in 1979, the Lorna Jane was retrofitted to become the country's first solar powered fishing boat (Image: Contributed) And that’s quite surprising, he says. For having converted the 21-foot vessel to become a green machine, setting her to work 18 months ago and covering 2,500 emission-free miles in her, no-one else has yet dared to take the plunge and join him. If creel fishing can be a solitary career choice, even lonelier is the plight of the creel fisherman with an electric, solar powered boat. “Everyone is interested in it, they follow the boat and pay attention to how it’s going, but there’s a reluctance to commit to doing it,” says Unkles, who has 40 years of boatbuilding and sailing behind him. “ I think people are frightened to do it. “They think it’s a bit of a gamble. With a diesel engine, people know how to operate it, they know how to fix it. “And this is a step into the unknown.” Hans Unkles has retrofitted the Lorna Jane to become the country's first solar powered electric creel fishing boat (Image: Contributed) Relaxing the grip on trusted diesel and risking livelihoods on the power of the sun and the few pontoons with an electric source, is not for everyone. But Unkles can’t help feeling a little frustrated that, so far, he’s charting a solitary course. “I think it comes down to attitude too,” the Lorna Jane’s skipper adds. “My generation was responsible for a lot of the waste and overuse of materials. “But no one is prepared to give anything back.” Read more by Sandra Dick: Can you knit a bathroom? Meet the crafty islanders who did just that What makes Scottish Men's Sheds so special? Driven by an idea that there was a more sustainable and greener way to fish for what he saw were rapidly dwindling stocks of lobster and crab, Unkles cleared a space in his shed. There, he set about converting the 1979-built Lorna Jane into a thoroughly modern boat: Scotland’s first electric commercial fishing vessel. He fitted a canopy of photovoltaic cells that provide the power for the 30-horsepower 20kW engine throughout the sunnier summer months. And when the darker days of autumn and winter descend, he uses an ordinary power point on the pontoon at Tayvallich to recharge her lithium iron phosphate battery. Fully charged, she happily powers through the ten or 12 hours that Unkles requires to tend to his business on the water. He usually covers 20 miles or so, but 45 miles and even a little more is within her reach. Undaunted by choppy waters, the Lorna Jane with her canopy of photovoltaic cells (Image: Contributed) Although not the fastest at just five knots - a sedate 6mph - Unkles points out it’s not much less than his old diesel engine, costs virtually nothing to keep going and, besides, it’s fine for him. He doesn't worry about range any more than he might ask how far his diesel will take him. But, he adds, he has become even more in tune with the environment around him: “You work the tides more thoughtfully, sometimes start a bit earlier. “Because you have lower running costs, you don’t have to catch the same amount as before to end up with the same money in your pocket.” That important point partly fuels his determination to encourage more to follow his lead. “Over the last 20 years everything has gone up a gear, everyone wants faster boats, more creels. They’re fishing more aggressively. Hans Unkles retrofitted the Lorna Jane in his shed (Image: Contributed) “There are rewards from that. People do well and make a good living out of it - but I think the good days are past us. “It’s questionable whether we can carry on as we are.” Stocks are lower than they were when he was younger: “There are no regulations over the number of pots a boat can have, so when fishing is poor, they get more pots. “For all that creel fishing is supposed to be sustainable, because it’s unregulated there are far too many pots. “I have seen the catches getting smaller. “We should be adapting and looking at the future and this is what the future is going to be.” His vision for an electric boat brewed for years until battery technology caught up. After all, not even a pioneering green skipper wants to be all at sea in a boat with a battery that’s on fire. However, his lithium iron phosphate battery has less risk on that front – a crucial factor for the Maritime and Coastguard Agency, which is responsible for licensing vessels. Read more by Sandra Dick: When fishing boats ruled the waves on the Firth of Clyde Pigeons once fed the nation. Now the race is on to save their doocots The safer battery meant Lorna Jane could be registered, providing a blueprint for others to follow. Rather than grapple with the same red tape as Unkles, her example means they should be able to cruise through. Having spent a total of £137,000 on his refurbished craft – including the cost of the vessel – and aided by a grant of £34,000 from fishing quango Marine Scotland , Unkles headed out onto the Sound of Jura last May convinced others would soon follow. To help inspire his fellow fishermen, the entire effort was captured on camera by a local film-maker Joe Osborn. Electric-powered fishing boat, Lorna Jane, retrofitted to become one of the country's 'greenest' boats (Image: Contributed) Entitled It’ll Never Work , it shows his local Tayvallich community rallying behind Unkles as he takes Lorna Jane apart and rebuilds her, his supreme effort to hit a tight funding deadline that threatened to derail his project and the irritation of trying to untangle the red tape and bureaucracy. The title reflects his frustrations. At one point, Unkles became so stressed – telling the camera he is “absolutely burst” – that he felt it take a physical toll. He can’t say for sure the anxiety surrounding getting the Lorna Jane over the line and the okay to begin fishing was the reason for the breathlessness and the erratic heartbeat which led to a spell in hospital. The Lorna Jane's battery can keep her running for around 12 hours a day (Image: Contributed) But, he nods, it probably didn’t help. That aside, the film – which is being shown at Arlington Baths Club in Glasgow next Friday and Saturday, November 29 and 30 - also captured the joy of finally completing his task, and the serene beauty of her silently ploughing through waters off the Argyll coastline as Unkles tends to work laying and lifting his lobster pots. Low budget and with just two people involved in making it, since its release in March, the film has scooped a string of awards and has just been selected for a Los Angeles film festival. Read more by Sandra Dick: The plus size adventure breaking down barriers to the great outdoors From love boat to sea sickness: a fond farewell to CalMac's grand lady Early next year Unkles and the film will be at the heart of an effort by the Fishmongers Company in London to raise awareness of the Lorna Jane among the Cornish and Devon fishing community. Unkles is hopeful that the thriving community of sardine fishermen along with ports with pontoons fitted with electric power points might encourage at least a few to embrace joining him so he’s no long the nation’s only ‘green skipper’. “I launched May 2023 and have had no issues. I’ve spent £300 on repairs this year and £436 last year for small things like seals. "Usually, repairs might cost into the thousands. You’ve got oil changes, filters, dirty fuel, water pumps, hoses and leaks, hull penetrations... there’s a massive list of things that need repaired over a year." In her diesel days, the Lorna Jane would gobble through around 20 litres of diesel for an outing of around 15 miles, cost Unkles around £20 per return trip. “She’s done 18 months, and 2,500 miles and not burned any diesel at all,” he continues. “We’ve had a terrible summer but from March to September I only hand to plug in four times to charge the battery, yet that’s with the boat running two or three days a week entirely off solar, for around 20 miles a day. “My running costs are small - my running expenses are tiny compared to what they were before.” Still, he is aware certain obstacles can put others off. One is the tight deadline requirement that come with Marine Scotland’s funding help: he had just five months from receiving word he had been approved for funding help to getting the entire project over the line. “There’s a lot of red tape and no real after support from the government,” he adds. Read more: How a pioneering marine reserve is bringing life back to the Clyde Clyde cod: 'I thought closure was a joke. Government won't do that' Is the Firth of Clyde, Glasgow’s village pond, worth saving? “They have invested £34,000 of public money. If it was a bank they would want to make sure their investment is safe and you are being encouraged. “I committed to this but feel I’m standing on my own, on the tightrope without any safety net. That’s not attractive for many people. “If there was government support there so if you run into problems you’ll be looked after and helped through, like some kind of underwriting.” Some of the Lorna Jane's daily catch of lobster and crabs (Image: Contributed) His creel fishing for lobster and crab is slower and gentler than before – he uses 65 pots which is less than others. His catches are a little smaller but what he loses on a smaller catch he gains by not having to spend on fuel and repairs. Despite that, the stressful journey to get here and the frustrations that he’s still the only one, Unkles has no regrets. “It’s easy to criticise and pick holes in what is wrong with things, and it’s not easy to make changes. “This has been the most rewarding thing I have ever been involved in, a real treat and a pleasure to do it.”

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