As of June 1, 2025, Elon Musk, the visionary CEO of Tesla and SpaceX, holds the title of the richest person in the world, with a staggering net worth of $423 billion, according to a Forbes ranking. He ascended to the top position in late May 2024, surpassing Bernard Arnault of France in a remarkable display of wealth growth.
In an intriguing turn of events this month, Mark Zuckerberg has overtaken Jeff Bezos, securing his place as the world’s second-wealthiest individual.
Bill Gates dropped out of the top 10 richest list in October 2024 after Forbes uncovered new information revealing a substantial decline in his fortune.
A striking 8 out of the 10 richest individuals are Americans, showcasing the country’s immense wealth generation. The two notable exceptions are France’s Bernard Arnault and Spain’s Amancio Ortega, highlighting the global landscape of wealth distribution.
Here is Forbes’ Top World Billionaires
- Elon Musk
Net worth: $423 billion
Source: Tesla, SpaceX, xAI, X
Age: 53
Residence: Austin, Texas
Citizenship: U.S.
2. Mark Zuckerberg
Net worth: $224 billion
Source: Meta (Facebook)
Age: 41
Residence: Palo Alto, California
Citizenship: U.S.
3. Jeff Bezos
Net worth: $220 billion
Source: Amazon
Age: 61
Residence: Miami, Florida
Citizenship: U.S.
4. Larry Ellison
Net worth: $206 billion
Source: Oracle
Age: 80
Residence: Woodside, California
Citizenship: U.S.
5. Warren Buffett
Net worth: $158 billion
Source: Berkshire Hathaway
Age: 94
Residence: Omaha, Nebraska
Citizenship: U.S.
6. Bernard Arnault
Net worth: $144 billion
Source: LVMH/ luxury goods
Age: 76
Residence: Paris
Citizenship: France
7. Larry Page
Net worth: $142 billion
Source: Google
Age: 52
Residence: Palo Alto, California
Citizenship: U.S.
8. Sergey Brin
Net worth: $136 billion
Source: Google
Age: 51
Residence: Los Altos, California
Citizenship: U.S.
9. Steve Ballmer
Net worth: $133 billion
Source: Microsoft, LA Clippers, investments
Age: 69
Residence: Hunts Point, Washington
Citizenship: U.S.
10. Amancio Ortega
Net worth: $124 billion
Source: Inditex
Age: 89
Residence: La Coruna, Spain
Citizenship: Spain
