On April 1, 2025, Forbes released its annual World’s Billionaires List, ranking individuals with a net worth of $1 billion or more based on stock prices and exchange rates as of March 7, 2025.
This year’s list broke records, featuring 3,028 billionaires—247 more than last year—marking the first time the number surpassed 3,000. Their combined wealth reached 16.1 trillion,a 16.1 trillion, a 2 trillion increase from 2024. The average billionaire’s net worth rose to 5.3 billion, up 5.3 billion, up 200 million from the previous year.
Top 5 Rankings:
- Elon Musk (CEO of Tesla): $342 billion
- Mark Zuckerberg (CEO of Meta): $216 billion (first time at #2)
- Jeff Bezos (Amazon founder): $215 billion
- Larry Ellison (Oracle co-founder): $192 billion
- Bernard Arnault (LVMH chairman): $178 billion (lowest rank since 2017 due to LVMH stock decline)
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Key Highlights:
- Musk’s Wealth Surge: Despite dedicating time to former President Trump’s cost-cutting project “DOGE,” Musk’s net worth grew by $147 billion over the past year. This jump was fueled by strong performances from SpaceX and his AI firm xAI, which recently merged with social media platform X. Though Tesla faced protests and stock volatility, its shares remain higher than in 2024, helping Musk reclaim the top spot.
- Trump’s Financial Gains: Donald Trump doubled his net worth from 2.3billionto2.3billionto5.1 billion, driven by cryptocurrency investments and the successful IPO of Trump Media & Technology Group after Forbes finalized its 2024 rankings. His return to the U.S. presidency further boosted his financial standing.
