He reached new heights this year—but not through a rocket launch.
As reported in Forbes’ 2025 Billionaires List, Elon Musk, the CEO of Tesla and SpaceX, has claimed the title of the richest person in the world, outpacing the second-richest by an astonishing $126 billion.
With a net worth of $342 billion, Musk’s business ventures cover a wide range of sectors. He has significant investments in the social media platform X, continues to steer Tesla and SpaceX, and has been instrumental in the development of PayPal and Neuralink.
Born in South Africa and now a Canadian-American entrepreneur, Musk has once again solidified his status as one of the most impactful and innovative leaders in the business landscape.
Mark Zuckerberg, CEO of Meta ($216 billion), came in second on the list, right behind Jeff Bezos, founder of Amazon ($215 billion).
Forbes reports that 3,028 billionaires with a total net worth of $16.1 trillion make up the list. America has the most billionaires, followed by China and India, according to Forbes.
According to the American business magazine, it used the stock prices and exchange rates as of March 7 to calculate its figures.
The ages of the top 25 richest people ranged from 40 to 94.
These include entrepreneurs heirs, entrepreneurs, tech founders, and cosmetic experts.
France, Spain, Mexico, India, Singapore, and the United Arab Emirates are the countries of origin for two, one, and one, respectively. The United States is home to the remaining 18 of the top 25 billionaires.
According to Forbes, these are the top 25 richest people in the world, along with their net worth.
Top 25 Richest Peoples in the World
- Elon Musk, 53: $342 billion – Tesla – United States
- Mark Zuckerberg, 40: $216 billion – Meta – United States
- Jeff Bezos, 61: $215 billion – Amazon – United States
- Lawrence Ellison, 80: $192 billion – Oracle – United States
- Bernard Arnault, 76: $178 billion – LVMH – France
- Warren Buffett, 94: $154 billion – Berkshire Hathaway – United States
- Lawrence Page, 52: $144 billion – Alphabet – United States
- Sergey Brin, 51: $138 billion – Alphabet – United States
- Amancio Ortega, 89: $124 billion – Zara – Spain
- Steven Ballmer, 69: $118 billion – Microsoft – United States
- Samuel Robson Walton, 80: $110- Walmart – United States
- Jim Walton, 76: $109 billion – Walmart – United States
- Bill Gates, 69: $108 billion – Microsoft – United States
- Michael Bloomberg, 83: $105 billion – Bloomberg – United States
- Alice Walton, 75: $101 billion – Walmart – United States
- Jensen Huang, 62: $98.7 billion – Nvidia – United States
- Michael Dell, 60: $97.7 billion – Dell Technologies – United States
- Mukesh Ambani, 67: $92.5 billion – Reliance Industries – India
- Carlos Slim Helu, 85: $82.5 billion – Telecom – Mexico
- Francoise Bettencourt Meyers, 71: $81.6 billion – L’Oreal – France
- Julia Koch, 62: $74.2 billion – Koch – United States
- Charles Koch, 89: $67.5 billion – Koch – United States
- Zhang Yiming, 41: $65.5 billion – TikTok – Singapore
- Changpeng Zhao, 48: $62.9 billion – Cryptocurrency exchange – United Arab Emirates
- Jeff Yass, 66: $59 billion – Trading and investments – United States
