Elon Musk kicks off 2025 as the world’s richest person—and the only billionaire to date worth more than $400 billion.
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LifestyleTranscript
00:00Today on Forbes, the top 10 richest people in the world, January 2025.
00:08The top 10 richest people in the world have a lot to smile about.
00:11Together, the world's 10 richest people are worth $1.9 trillion, up from $1.8 trillion
00:18on December 1st.
00:20Seven of the 10 are richer than they were a month ago.
00:23These numbers are according to Forbes as of January 1st, 2025, at 12 a.m. Eastern Time.
00:29These prices fluctuate routinely, so these net worths may change on a daily basis.
00:34Forbes tracks the daily changes on our real-time list of billionaires.
00:39Elon Musk kicks off the new year not only as the world's richest person, but also the
00:43only billionaire Forbes has tracked in nearly four decades to be worth more than $400 billion.
00:50Musk begins the new year worth $421.2 billion, per Forbes' estimates, a $91 billion increase
00:58since December 1st.
01:00The big jump in his fortune came after SpaceX agreed to buy back Insider's shares in a deal
01:05valuing the rocket company at $350 billion, a deal first reported by Bloomberg.
01:12The company had previously been worth $210 billion.
01:16Musk founded SpaceX in 2002, runs it as the CEO, and owns an estimated 42% stake in the
01:22company.
01:23The new valuation made SpaceX the most valuable private company in the world, more than TikTok
01:28parent ByteDance, payments firm Stripe, or chat GPT creator OpenAI.
01:35Musk also runs EV maker Tesla, and owns stakes in social media firm X, AI firm XAI, and tunnel
01:41company The Boring Company.
01:44Musk, who started 2024 worth an estimated $251 billion, has gained extra media attention
01:51since Donald Trump won the U.S. presidential election in November.
01:54Trump named Musk the co-head of a new advisory body, the Department of Government Efficiency,
01:59or DOGE, set to reduce government spending and increase efficiency.
02:04Jeff Bezos comes in as the world's No. 2 richest, up from No. 3 at the start of December
02:092024.
02:11The Amazon founder and chairman, who owns about 9% of the company, got about $10 billion
02:17richer in the past month, as shares of the e-commerce giant rose about 5%.
02:22He starts off 2025 worth an estimated $233.5 billion, about $188 billion less than Musk.
02:32NVIDIA CEO and co-founder Jensen Huang joins the top 10 richest for the first time at the
02:38start of the month.
02:39He's ranked No. 10 and worth an estimated $118 billion, mostly due to his stake in the
02:45chip designer, whose shares rose 171% in 2024.
02:50NVIDIA ended the year with a market capitalization of $3.28 trillion, making it more valuable
02:57than Microsoft, but not as valuable as Apple.
03:01Huang overtook Spain's Amancio Ortega, founder of clothing retailer Zara, and its publicly
03:06traded parent company, Inditex.
03:08Shares of Inditex weakened in the past month.
03:12Most of the names on the top 10 are familiar names if you've been following along.
03:16One notable name not on the list is Bill Gates, who dropped out of the top 10 richest on October
03:211st, after Forbes obtained new information about a significant contraction in his fortune.
03:27Nine of the 10 richest people in the world are Americans, and all are men, with fortunes
03:31over $117 billion.
03:35The biggest loser of this group was Oracle chairman Larry Ellison, whose fortune fell
03:39by $17.2 billion during the month, to an estimated nearly $210 billion.
03:46Ellison fell to No. 3 richest in the world, from No. 2, at the start of December.
03:51Rounding out the top five are at No. 4, Meta CEO Mark Zuckerberg, whose net worth is $202.5
03:58billion, and at No. 5, the CEO and chairman of luxury goods group LVMH, Bernard Arnault,
04:05whose net worth is $168.8 billion.
04:10Forbes has been keeping track of the world's billionaires since 1987.
04:14In April 2024, we found 2,781 of them for our annual list.
04:20For full coverage, check out the Forbes Wealth Teams piece on Forbes.com.
04:26This is Kieran Meadows from Forbes.
04:29Thanks for tuning in.