Latest news with #BillionairesList
Yahoo
17-07-2025
- Automotive
- Yahoo
Elon Musk Was the First Person To Have a Net Worth of $400 Billion: What Could It Mean for Tesla Stock?
Elon Musk's business ventures have turned him into the wealthiest person on the planet. He was also the first person to reach a net worth of $400 billion, though his net worth has since fallen to about $342 billion, per the Forbes Billionaires List. Although Musk has many companies, none of them have impacted his wealth more than Tesla. The electric vehicle (EV) maker is tapping into autonomous vehicles and artificial intelligence (AI) to achieve long-term revenue growth, and these catalysts are part of the reason Tesla is worth approximately $1 trillion. Read Next: Find Out: Read on for more details about how Musk and his wealth could affect Tesla stock going forward. Musk Is Heavily Invested in Tesla Although Musk has many ventures, Tesla is the most significant portion of his wealth. This bodes well for Tesla investors since Musk has to maintain Tesla's value to maintain his wealth and fund other ventures. If Tesla crashed, Musk's fortune would take a big dip, and that could hinder his ability to start additional ventures and fund his existing ones. Even though it may look like Musk isn't fully focused on Tesla from time to time, especially with his recent entrance into politics, it is a vital piece of his wealth. Musk, like any billionaire, likely strives to increase his wealth to the best of his ability, and most people share that goal. Other ventures could serve him well, but Tesla is the foundation. Cybercabs and Optimus represent two of Tesla's moonshot opportunities. Musk made EVs popular, and with his leadership, he could also make cybercabs and humanoid robots mainstream. That could make for plenty of happy shareholders. Check Out: Musk Still Has Other Companies Musk still has a bunch of other companies, such as SpaceX, xAI, X, Neuralink and The Boring Company, that contribute to his wealth as well. Each of these companies will grab some of Musk's attention, and he may turn to smaller ventures for outsize gains. For instance, it's likely easier to turn a $10 billion company into a $100 billion company than it is to turn Tesla from a $1 trillion company to a $10 trillion company. Some investors have praised Musk's ability to generate meaningful growth for Tesla while focusing on other ventures. However, other investors may wish that he exclusively focused on Tesla. Musk's ventures, however, could also be great news for Tesla, as they could possibly give him more assets that he could use to drive more innovation and demand for Tesla, potentially resulting in a higher stock price. Musk Remains the Pulse of Tesla Stock Few stocks can command valuations as high as Tesla's, but few companies have leaders like Musk. The tech billionaire remains the linchpin that decides Tesla's fate. His entrance into politics, for example, caused the stock a lot of volatility this year. It's down over 15% for the year as of July 17. Some investors still remain bullish on Tesla, while others are more cautious after its significant drop this year. Although short-term noise can drive plenty of price movement, many investors remain committed due to Musk's leadership and the company's exciting opportunities. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on Elon Musk Was the First Person To Have a Net Worth of $400 Billion: What Could It Mean for Tesla Stock? Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
10 Richest People in the World
It can be aspirational to look at the richest people in the world and study the background, techniques and tendencies that characterize their journey. By analyzing their wealth-building traits and areas they have invested in, you can perhaps start applying their business acumen to your everyday life. Check Out: For You: These founders, leaders and visionaries are individuals with a unique story behind their success that allowed them to amass vast amounts of wealth. Here's a look at the top 10 richest people in the world (as of June 1, 2025: Elon Musk: $394 billion Mark Zuckerberg: $241 billion Jeff Bezos: $228 billion Larry Ellison: $213 billion Warren Buffett: $154 billion Larry Page: $146 billion Bernard Arnault and family: $142 billion Sergey Brin: $138 billion Steve Ballmer: $135 billion Amancio Ortega: $125 billion Here's an even closer look at how the world's 10 richest people on Forbes' Billionaires List got to where they are. Elon Musk has a net worth of $394 billion. Age: 53 Nationality: South Africa Companies: Tesla, SpaceX, The Boring Company, Neuralink, PayPal, X (formerly Twitter) Industry: Technology Quote: 'I think it is possible for ordinary people to choose to be extraordinary.' Elon Musk founded Tesla and still holds about 12.8% of the company between stock and options. However, Musk has long been occupied with several other well-known companies and had his roots within a group known as the 'PayPal Mafia.' This consisted of serial entrepreneurs and angel investors who made up PayPal's alumni and have been extremely successful in their own right. Musk may be the richest man in the world, but he doesn't want to stop there. Since October 2022, he's owned the social media platform X, formerly known as Twitter. He also owns Neuralink and The Boring Company and is the founder and CEO of SpaceX. Though he had recently aligned with America's political right-wing, publicly and financially supporting Donald Trump's 2024 presidential campaign and serving as Senior Advisor to President Trump via the Department of Government Efficiency (DOGE), he has recently had a falling out with The White House and it's unclear what political moves he'll make next. Read Next: Mark Zuckerberg has a net worth of $241 billion. Age: 41 Nationality: USA Company: Meta Industry: Technology Quote: 'In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks.' The youngest on this list is Mark Zuckerberg, who is most notable for the creation of Facebook, the social media platform he founded in 2004 while a student at Harvard and that currently has over 2 billion active daily users. Facebook's parent company is Meta Platforms, which encompasses a variety of products and services, such as the VR headset Meta Quest, WhatsApp and Instagram. Microsoft acquired a 1.6% percent stake in Facebook for $240 million, followed by Digital Sky Technologies, which gained a 1.96% share worth $200 million. Jeff Bezos has a net worth of $228 billion. Age: 61 Nationality: USA Company: Amazon, The Washington Post Industry: E-commerce and technology Quote: 'A brand for a company is like a reputation for a person. You earn a reputation by trying to do hard things well.' At 30 years old, Jeff Bezos left the finance industry to start a business that many saw as foolish — buying and selling books online. That little company that could is known today as Amazon, and it reached a value of more than $1 trillion before dropping into the billion-dollar range. Bezos is credited for pioneering the e-commerce landscape, which has become one of the largest industries in the world. Following his tremendous success, Bezos stepped away from the company but still is a top stakeholder in it. He has gone on to focus his efforts on Blue Origin, a suborbital space flight company to preserve Earth by colonizing space. The space race among the richest people in the world continues. Larry Ellison has a net worth of $213 billion. Age: 80 Nationality: USA Company: Oracle Industry: Technology and software Quote: 'Great achievers are driven, not so much by the pursuit of success, but by the fear of failure.' Like many others on this list, Ellison can attribute his great fortune to the rise of technology. Having founded Oracle in 1977 after dropping out of college, he grew the company from its startup phase to one of the largest software and database companies in the world. Oracle now has a market capitalization of $500 billion, and Ellison has retained a stake of over 35% to date. Ellison made his fortune, but thanks to substantial investments he made in Tesla before its meteoric rise, he generated a net gain of more than 1,000% on his capital. He joined Tesla's board of directors in 2018; however, Tesla announced in June 2022 that Ellison would step down. He still holds a stake in Tesla. Warren Buffett has a net worth of $154 billion. Age: 94 Nationality: USA Company: Berkshire Hathaway Industry: Financial, insurance, diversified Quote: 'Someone is sitting in the shade today because someone planted a tree a long time ago.' Nicknamed 'The Oracle of Omaha,' Buffett is regarded as the greatest investor of all time. His holding company, Berkshire Hathaway, owns dozens of businesses, including Geico Auto Insurance, Kraft Heinz and Fruit of the Loom. It also manages a portfolio of investments that include large positions in Apple stock and several bank stocks. Buffett has long spoken about the benefits of index funds and long-term investing that have helped him accumulate his fortune. Larry Page has a net worth of $146 billion. Age: 52 Nationality: USA Company: Google Industry: Technology and advertising Quote: 'Good ideas are always crazy until they're not.' Larry Page co-founded Google in 1998 and was CEO until 2001. He returned as CEO from 2011 to 2015 and remains a board member and majority shareholder. Google falls under the umbrella of Alphabet, the tech conglomerate holding company that owns YouTube, Google Play, Android, Fitbit, Mandiant, Looker and Nest. Google first built its search engine but repeatedly redefined technology with developments in GPS mapping and translation. This, in turn, led to the creation of one of the largest platforms for advertising in the world — to the good fortune of Page. Bernard Arnault has a net worth of $142 billion. Age: 76 Nationality: France Company: LVMH Industry: Fashion and hospitality Quote: 'Money is just a consequence. I always say to my team, don't worry too much about profitability. If you do your job well, the profitability will come.' Bernard Arnault amassed his fortune in the luxury goods industry with the ownership of world-renowned brands such as Louis Vuitton and Christian Dior. By targeting wealthy demographics — and, according to CNBC, maintaining a roughly 50% stake in his company, LVMH — he has climbed his way to being one of the top 10 richest people in the world. Arnault's luxury fashion empire spans over 70 brands, which he manages with his siblings. In 2021, Tiffany & Co. was added to the panel for $15.8 billion, which was estimated to be the largest acquisition of all time in luxury fashion. Not limited to just fashion, Arnault also owns several luxury hotels and cruise lines that have only added to his wealth over the years. Sergey Brin has a net worth of $138 billion. Age: 51 Nationality: Russia Company: Google Industry: Technology and advertising Quote: 'Solving big problems is easier than solving little problems.' Brin, along with Larry Page, co-founded Google. So it's no surprise he also made it onto the list of the richest people in the world. The pair met at Stanford University before starting their venture, and just like Page, Brin continues to hold an active role as a board member with a similar stake. More recently, Brin has set up Bayshore Capital Management in Singapore, a region ripe for investment with favorable tax legislation to manage his wealth. Steve Ballmer has a net worth of $136 billion. Age: 69 Nationality: USA Company: Microsoft Industry: Technology Quote: 'Great companies in the way they work, start with great leaders.' As the former CEO of Microsoft, Ballmer oversaw the world's largest software developer until he stepped down in 2014. As Ballmer still maintains 4% ownership of Microsoft, he is its largest individual shareholder. Ballmer also bought the Los Angeles Clippers basketball team in a deal valued at $2 billion. The team is now worth a whopping $5.5 billion. Amancio Ortega has a net worth of $125 billion. Age: 89 Nationality: Spain Company: Zara Industry: Fashion and retail. Quote: 'In the street, I only want to be recognized by my family, my friends and people I work with.' Ortega created his empire of billions by co-founding the retail juggernaut Inditex in 1975, focusing upon high-style designs that were still affordable. This led to the formation of his primary fashion brand, Zara. Through Inidex, Zara was established worldwide as a go-to fashion brand. Further, Ortega expanded his wealth significantly with extensive real estate investments throughout such major cities as London and New York, multiplying his wealth several times over. Daria Uhlig, Caitlyn Moorhead, Cynthia Measom, Melanie Grafil, Amber Barkley and T. Woods contributed to the reporting for this article. Data was compiled on June 10, 2025, and is subject to change. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 6 Big Shakeups Coming to Social Security in 2025 Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on 10 Richest People in the World Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
10 Richest People in the World
It can be aspirational to look at the richest people in the world and study the background, techniques and tendencies that characterize their journey. By analyzing their wealth-building traits and areas they have invested in, you can perhaps start applying their business acumen to your everyday life. Check Out: For You: These founders, leaders and visionaries are individuals with a unique story behind their success that allowed them to amass vast amounts of wealth. Here's a look at the top 10 richest people in the world (as of June 1, 2025: Elon Musk: $394 billion Mark Zuckerberg: $241 billion Jeff Bezos: $228 billion Larry Ellison: $213 billion Warren Buffett: $154 billion Larry Page: $146 billion Bernard Arnault and family: $142 billion Sergey Brin: $138 billion Steve Ballmer: $135 billion Amancio Ortega: $125 billion Here's an even closer look at how the world's 10 richest people on Forbes' Billionaires List got to where they are. Elon Musk has a net worth of $394 billion. Age: 53 Nationality: South Africa Companies: Tesla, SpaceX, The Boring Company, Neuralink, PayPal, X (formerly Twitter) Industry: Technology Quote: 'I think it is possible for ordinary people to choose to be extraordinary.' Elon Musk founded Tesla and still holds about 12.8% of the company between stock and options. However, Musk has long been occupied with several other well-known companies and had his roots within a group known as the 'PayPal Mafia.' This consisted of serial entrepreneurs and angel investors who made up PayPal's alumni and have been extremely successful in their own right. Musk may be the richest man in the world, but he doesn't want to stop there. Since October 2022, he's owned the social media platform X, formerly known as Twitter. He also owns Neuralink and The Boring Company and is the founder and CEO of SpaceX. Though he had recently aligned with America's political right-wing, publicly and financially supporting Donald Trump's 2024 presidential campaign and serving as Senior Advisor to President Trump via the Department of Government Efficiency (DOGE), he has recently had a falling out with The White House and it's unclear what political moves he'll make next. Read Next: Mark Zuckerberg has a net worth of $241 billion. Age: 41 Nationality: USA Company: Meta Industry: Technology Quote: 'In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks.' The youngest on this list is Mark Zuckerberg, who is most notable for the creation of Facebook, the social media platform he founded in 2004 while a student at Harvard and that currently has over 2 billion active daily users. Facebook's parent company is Meta Platforms, which encompasses a variety of products and services, such as the VR headset Meta Quest, WhatsApp and Instagram. Microsoft acquired a 1.6% percent stake in Facebook for $240 million, followed by Digital Sky Technologies, which gained a 1.96% share worth $200 million. Jeff Bezos has a net worth of $228 billion. Age: 61 Nationality: USA Company: Amazon, The Washington Post Industry: E-commerce and technology Quote: 'A brand for a company is like a reputation for a person. You earn a reputation by trying to do hard things well.' At 30 years old, Jeff Bezos left the finance industry to start a business that many saw as foolish — buying and selling books online. That little company that could is known today as Amazon, and it reached a value of more than $1 trillion before dropping into the billion-dollar range. Bezos is credited for pioneering the e-commerce landscape, which has become one of the largest industries in the world. Following his tremendous success, Bezos stepped away from the company but still is a top stakeholder in it. He has gone on to focus his efforts on Blue Origin, a suborbital space flight company to preserve Earth by colonizing space. The space race among the richest people in the world continues. Larry Ellison has a net worth of $213 billion. Age: 80 Nationality: USA Company: Oracle Industry: Technology and software Quote: 'Great achievers are driven, not so much by the pursuit of success, but by the fear of failure.' Like many others on this list, Ellison can attribute his great fortune to the rise of technology. Having founded Oracle in 1977 after dropping out of college, he grew the company from its startup phase to one of the largest software and database companies in the world. Oracle now has a market capitalization of $500 billion, and Ellison has retained a stake of over 35% to date. Ellison made his fortune, but thanks to substantial investments he made in Tesla before its meteoric rise, he generated a net gain of more than 1,000% on his capital. He joined Tesla's board of directors in 2018; however, Tesla announced in June 2022 that Ellison would step down. He still holds a stake in Tesla. Warren Buffett has a net worth of $154 billion. Age: 94 Nationality: USA Company: Berkshire Hathaway Industry: Financial, insurance, diversified Quote: 'Someone is sitting in the shade today because someone planted a tree a long time ago.' Nicknamed 'The Oracle of Omaha,' Buffett is regarded as the greatest investor of all time. His holding company, Berkshire Hathaway, owns dozens of businesses, including Geico Auto Insurance, Kraft Heinz and Fruit of the Loom. It also manages a portfolio of investments that include large positions in Apple stock and several bank stocks. Buffett has long spoken about the benefits of index funds and long-term investing that have helped him accumulate his fortune. Larry Page has a net worth of $146 billion. Age: 52 Nationality: USA Company: Google Industry: Technology and advertising Quote: 'Good ideas are always crazy until they're not.' Larry Page co-founded Google in 1998 and was CEO until 2001. He returned as CEO from 2011 to 2015 and remains a board member and majority shareholder. Google falls under the umbrella of Alphabet, the tech conglomerate holding company that owns YouTube, Google Play, Android, Fitbit, Mandiant, Looker and Nest. Google first built its search engine but repeatedly redefined technology with developments in GPS mapping and translation. This, in turn, led to the creation of one of the largest platforms for advertising in the world — to the good fortune of Page. Bernard Arnault has a net worth of $142 billion. Age: 76 Nationality: France Company: LVMH Industry: Fashion and hospitality Quote: 'Money is just a consequence. I always say to my team, don't worry too much about profitability. If you do your job well, the profitability will come.' Bernard Arnault amassed his fortune in the luxury goods industry with the ownership of world-renowned brands such as Louis Vuitton and Christian Dior. By targeting wealthy demographics — and, according to CNBC, maintaining a roughly 50% stake in his company, LVMH — he has climbed his way to being one of the top 10 richest people in the world. Arnault's luxury fashion empire spans over 70 brands, which he manages with his siblings. In 2021, Tiffany & Co. was added to the panel for $15.8 billion, which was estimated to be the largest acquisition of all time in luxury fashion. Not limited to just fashion, Arnault also owns several luxury hotels and cruise lines that have only added to his wealth over the years. Sergey Brin has a net worth of $138 billion. Age: 51 Nationality: Russia Company: Google Industry: Technology and advertising Quote: 'Solving big problems is easier than solving little problems.' Brin, along with Larry Page, co-founded Google. So it's no surprise he also made it onto the list of the richest people in the world. The pair met at Stanford University before starting their venture, and just like Page, Brin continues to hold an active role as a board member with a similar stake. More recently, Brin has set up Bayshore Capital Management in Singapore, a region ripe for investment with favorable tax legislation to manage his wealth. Steve Ballmer has a net worth of $136 billion. Age: 69 Nationality: USA Company: Microsoft Industry: Technology Quote: 'Great companies in the way they work, start with great leaders.' As the former CEO of Microsoft, Ballmer oversaw the world's largest software developer until he stepped down in 2014. As Ballmer still maintains 4% ownership of Microsoft, he is its largest individual shareholder. Ballmer also bought the Los Angeles Clippers basketball team in a deal valued at $2 billion. The team is now worth a whopping $5.5 billion. Amancio Ortega has a net worth of $125 billion. Age: 89 Nationality: Spain Company: Zara Industry: Fashion and retail. Quote: 'In the street, I only want to be recognized by my family, my friends and people I work with.' Ortega created his empire of billions by co-founding the retail juggernaut Inditex in 1975, focusing upon high-style designs that were still affordable. This led to the formation of his primary fashion brand, Zara. Through Inidex, Zara was established worldwide as a go-to fashion brand. Further, Ortega expanded his wealth significantly with extensive real estate investments throughout such major cities as London and New York, multiplying his wealth several times over. Daria Uhlig, Caitlyn Moorhead, Cynthia Measom, Melanie Grafil, Amber Barkley and T. Woods contributed to the reporting for this article. Data was compiled on June 10, 2025, and is subject to change. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 6 Big Shakeups Coming to Social Security in 2025 Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on 10 Richest People in the World Sign in to access your portfolio
Business Insider
30-04-2025
- Business
- Business Insider
Top 10 countries with the most billionaires in 2025
As of 2025, the global billionaire landscape is dominated by a select group of countries, with the United States leading the pack by a significant margin. The United States is the leader in billionaire population with over 900 billionaires and a combined net worth of $6.8 trillion. China, India, and several European nations also have impressive figures of billionaires, highlighting global economic powerhouses. Global billionaire wealth is highly concentrated, with the USA, China, and India accounting for over 50% of all billionaires and their wealth. The latest rankings from Forbes World's Billionaires List reveal that the U.S. is home to over 900 billionaires, while China, India, and several European countries follow suit with impressive figures of their own. This concentration of wealth highlights global economic powerhouses and the increasing significance of tech, finance, and industrial sectors in shaping the world's wealthiest individuals. According to Forbes, there are now more than 3,000 billionaires worldwide, collectively worth a staggering $16.1 trillion. However, this immense wealth is highly concentrated, with just three countries (USA, China and India) accounting for over 50% of all billionaires and their wealth. In contrast, 17 nations each have only a single billionaire. The United States continues to dominate the list, with a record 902 billionaires, up from 813 last year, and a combined net worth of $6.8 trillion. Nearly a third of this year's billionaires hail from the U.S. Among the world's 15 centibillionaires, all but two are American. Elon Musk, with an estimated net worth of $342 billion, reclaimed the title of the world's richest person from Bernard Arnault ($178 billion) of LVMH, marking the first time since 2022. Other tech giants like Mark Zuckerberg of Meta ($216 billion), Jeff Bezos of Amazon ($215 billion), and Larry Ellison of Oracle ($192 billion) complete the top five. Here's a look at the top 10 countries with the highest number of billionaires in 2025; Rank Country No. of Billionaires Richest Individual Net Worth (Richest) 1 United States 902 Elon Musk $342 billion 2 China 450 Zhang Yiming $65.5 billion 3 India 205 Mukesh Ambani $92.5 billion 4 Germany 171 Dieter Schwarz $41 billion 5 Russia 140 Vagit Alekperov $28.7 billion 6 Canada 76 Changpeng Zhao $62.9 billion 7 Italy 74 Giovanni Ferrero $38.2 billion 8 Hong Kong* 66 Li Ka-shing $38.9 billion 9 Brazil 56 Eduardo Saverin $34.5 billion 10 United Kingdom 55 Michael Platt $18.8 billion The global billionaire landscape is dominated by five countries: the United States, China, India, Germany, and Russia. The US leads with 902 billionaires, driven by tech and innovation, with Elon Musk ($342B) exemplifying this dominance. China has 450 billionaires, led by Zhang Yiming ($65.5B) of ByteDance. India is seeing rapid growth with 205 billionaires, fueled by digital expansion and industry, led by Mukesh Ambani ($92.5B) of Reliance Industries.
Yahoo
04-04-2025
- Business
- Yahoo
Melinda Gates Calls Her Wealth 'Absurdity,' Plans to 'Give it Away'
Melinda French Gates, the ex-wife of Bill Gates, has amassed an enormous amount of wealth over the years. But it sounds like she has a pretty simple plan of what to do with it: give it away. With an estimated net worth of $30.4 billion, according to Forbes' Billionaires List, Melinda Gates is one of the wealthiest women on the planet. During a recent interview with People Magazine, Melinda opened up about "the absurdity of so much wealth being concentrated in the hands of one person.' The multi-billionaire went on to explain that she feels a responsibility to give it away to those in need. 'I believe the only responsible thing to do with these resources is to give it away — as thoughtfully and impactfully as possible,' Melinda told People Magazine. 'One of my core values has always been to whom much is given, much is expected.' Last year, Melinda left the Gates Foundation, which she founded with her ex-husband Bill Gates. She said that the move was to focus on her own philanthropic efforts with Pivotal Ventures. She told People Magazine that she is 'incredibly proud' of what Pivotal has been able to accomplish over the past 10 years, specifically when it comes to helping women. 'The organizations we support have removed so many barriers holding back women and families,' she says. 'They're making caregivers' lives easier. They're helping young people find mental health services that work for them. They're getting more women into positions of power.' 'Every day, our partners are proving that when women and families thrive, society flourishes,' she continued. Clearly, she understands that she has some major opportunities with her fortune, and she wants to put the money to good use to help others.
