By Abidemi Samuel
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Forbes has released its highly anticipated list of the world’s richest individuals, featuring 10 global tycoons with a staggering combined net worth of $1.9 trillion as of January 1, 2025. The latest rankings underscore the continued dominance of the tech, retail, and luxury goods industries in shaping global wealth.
Elon Musk, CEO of Tesla and SpaceX, has begun 2025 as the world’s richest person, solidifying his position as the first billionaire to surpass the $400 billion mark. Musk’s net worth is a testament to the incredible success of his innovative ventures, which have revolutionized the electric vehicle and space exploration industries.
The top 10 richest individuals in the world, according to Forbes, are:
1. Elon Musk (Tesla, SpaceX) – $400 billion+
2. Jeff Bezos (Amazon) – $200 billion+
3. Larry Ellison (Oracle) – $150 billion+
4. Mark Zuckerberg (Meta) – $120 billion+
5. Bernard Arnault (LVMH) – $110 billion+
6. Larry Page (Google) – $100 billion+
7. Sergey Brin (Google) – $90 billion+
8. Warren Buffett (Berkshire Hathaway) – $80 billion+
9. Steve Ballmer (Microsoft) – $70 billion+
10. Jensen Huang (Nvidia) – $60 billion+
Notably, Nvidia CEO Jensen Huang has joined the ranks of the world’s wealthiest individuals for the first time, reflecting the remarkable rise of Nvidia and the semiconductor industry. Huang’s inclusion highlights the significant impact of advancements in artificial intelligence and gaming technologies on the global economy.
French luxury mogul Bernard Arnault remains a prominent figure on the list, representing the enduring value of the luxury goods sector through his leadership of LVMH. Meanwhile, American tech giants continue to dominate, with nine of the top ten billionaires hailing from the United States.
Warren Buffett, one of the most iconic names in finance, has maintained his position, demonstrating the staying power of traditional industries like investment and insurance in an increasingly tech-driven economy.
Forbes noted that billionaire rankings are inherently volatile, often influenced by fluctuations in the stock market and major business developments. The latest rankings also highlight the persistent gender disparity in global wealth, as all ten individuals on the list are men.
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