World’s richest persons 2025: Tesla’s Elon Musk has once again claimed his position as the world’s wealthiest individual, securing the top spot on the Hurun Rich List for the fourth time in a five-year period.
The 53-year-old, who heads both Tesla and SpaceX, saw a remarkable 82% increase in his net worth, equivalent to $189 billion, bringing his total wealth to $420 billion, according to an ET report.
This substantial financial growth primarily came from Tesla’s significant share price appreciation, which analysts have associated with the ‘Trump effect’—a notable increase in American billionaire wealth following Donald Trump’s presidential tenure.
This wealth accumulation pattern extended beyond Musk, affecting numerous American billionaires. Notable figures such as Mark Zuckerberg of Facebook, Jeff Bezos of Amazon, and Jensen Huang of Nvidia also saw considerable wealth increases, each accumulating additional wealth of $80 billion or more, according to the report.
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Tesla’s Stock Price and the Trump Impact
Musk, a South African-born entrepreneur, saw substantial gains during the post-election market surge that enhanced the wealth of many American technology leaders, including his associates such as Peter Thiel.
The financial holdings of Thiel increased by 67% to $14 billion, whilst Musk’s extraordinary growth established him as the first person to exceed $400 billion in personal wealth.
According to the Hurun report, the upward movement in Tesla’s share value was attributed to heightened investor confidence following Trump’s electoral success, positioning Musk as a primary recipient of this economic advancement.
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Reality Check Follows Trump-Led Rally
However, Elon Musk’s wealth surge has experienced considerable fluctuations After January 15, 2025, his net worth has decreased by roughly $100 billion.
The reduction occurred as Tesla witnessed a $700 billion decline in market value, whilst investors expressed worries about rising competition from Chinese electric vehicle makers and negative consumer response to Musk’s political statements.
Nevertheless, Musk maintains his position as the world’s richest person.
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