Elon Musk has once again claimed the title of the world’s richest person, according to Forbes’ latest billionaire ranking released on June 1, 2025. The Tesla, SpaceX, X, and xAI CEO now holds an estimated net worth of $423 billion, following a significant $36 billion increase in May.
Forbes attributes the surge in Musk’s wealth to a 23% jump in Tesla shares, driven by the announcement of its upcoming robotaxi launch and Musk’s departure from his U.S. government advisory role. The publication stated the developments “further cemented Musk’s status as the world’s wealthiest person by far.”
Top Billionaires as of June 2025:
Elon Musk (Tesla, SpaceX, xAI, X) – $423 billion, Mark Zuckerberg (Meta) – $224 billion, Jeff Bezos (Amazon) – $220 billion, Larry Ellison (Oracle) – $206 billion, Warren Buffett (Berkshire Hathaway) – $158 billion, Bernard Arnault (LVMH) – $144 billion, Larry Page (Google) – $142 billion, Sergey Brin (Google) – $136 billion, Steve Ballmer (Microsoft, LA Clippers) – $133 billion and Amancio Ortega (Inditex/Zara) – $124 billion
Tech Titans Dominate
Mark Zuckerberg rose to second place after Meta’s stock climbed 18%, boosting his fortune by $28 billion in May. Jeff Bezos now ranks third, with a $19 billion increase thanks to an 11% rise in Amazon’s stock.
The strong performance of tech stocks reflected broader market gains: the Nasdaq rose 10% and the S&P 500 climbed 6% in May, buoyed by strong earnings, improving trade outlooks, and a modest rebound in consumer confidence.
Larry Ellison held his fourth-place position with $206 billion, while Warren Buffett dropped to fifth after Berkshire Hathaway shares fell 5% on the news of his planned retirement. Buffett saw a $9 billion decrease, making him the month’s biggest loser.
Luxury goods magnate Bernard Arnault slipped to sixth after LVMH shares dipped 2%, shaving $3 billion off his net worth.
Steve Ballmer moved into ninth place after Microsoft shares surged 16%, lifting his wealth by $15 billion. He overtook Amancio Ortega, whose net worth rose modestly by $600 million as Inditex’s stock remained flat.
Collective Wealth Soars
Together, the top ten billionaires are now worth a combined $1.9 trillion, up $140 billion from the start of May.
