• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Hurun Global Rich List 2025: Elon Musk remains the world’s richest, Mukesh Ambani drops out of top 10 rankings

by March 27, 2025
by March 27, 2025

Elon Musk has once again secured the title of the world’s richest person, according to the Hurun Global Rich List 2025 with the Tesla and SpaceX chief’s net worth surging to $420 billion, cementing his dominance among global billionaires.

While Musk maintained his lead, the rankings witnessed a major shakeup with Indian tycoon Mukesh Ambani slipping out of the top 10 wealthiest individuals.

Despite this, Ambani continues to hold the title of Asia’s richest person.

Silicon Valley billionaires dominate the rankings

The latest Hurun rankings highlight the growing dominance of American tech billionaires.

Silicon Valley moguls filled most of the top spots, with Musk followed by Amazon’s Jeff Bezos, Meta’s Mark Zuckerberg, and Oracle’s Larry Ellison.

Among the top five, veteran investor Warren Buffett was the only non-tech figure, maintaining his status as one of the world’s most successful investors.

Notably, nine of the top ten billionaires hail from the United States, with Bernard Arnault, the French fashion magnate behind LVMH, being the only exception.

Musk’s wealth surge fuelled by Tesla’s rally and the “Trump effect”

Musk’s financial leap—an 82% jump amounting to $189 billion—was largely fueled by the soaring stock price of Tesla.

Analysts have attributed this increase to the so-called “Trump effect,” a phenomenon that has seen a surge in billionaire wealth following Donald Trump’s return to political prominence.

Alongside Musk, several other US-based billionaires have seen sharp gains.

Meta’s Mark Zuckerberg, Amazon’s Jeff Bezos, and Nvidia’s Jensen Huang each recorded an increase of over $80 billion in their net worths.

Musk also made history by becoming the first person to surpass a $400 billion fortune.

His close ally, investor Peter Thiel, also saw a substantial 67% jump in his wealth, reaching $14 billion.

However, the billionaire’s fortune has faced turbulence. Since the list’s cutoff date in January 2025, Musk’s net worth has declined by roughly $100 billion, driven by a sharp drop in Tesla’s market capitalization.

The automaker’s valuation plunged by $700 billion as investors grew wary of increasing competition from Chinese EV makers and Musk’s polarizing political statements.

Despite the setbacks, Musk remains firmly at the top of the global wealth rankings.

Mukesh Ambani slips but holds onto Asia’s top spot

Mukesh Ambani, chairman of Reliance Industries, has fallen out of the global top 10 after his wealth declined by Rs 1 lakh crore from the previous year.

The decline has been attributed to rising debt and weaker performance in Reliance’s core energy and retail businesses.

Nevertheless, Ambani continues to lead as Asia’s richest person, with a net worth of Rs 8.6 lakh crore.

His conglomerate is now focusing on digital expansion, renewable energy investments, and retail growth as part of its long-term strategy.

Gautam Adani emerges as India’s biggest wealth gainer

While Ambani faced losses, fellow industrialist Gautam Adani experienced a remarkable rise in fortune.

The Adani Group chairman saw his wealth increase by nearly Rs 1 lakh crore, making him India’s biggest wealth gainer on the Hurun Global Rich List 2025.

Adani’s net worth grew by 13%, placing him just behind Ambani in the rankings.

His rise reflects the ongoing expansion of his infrastructure empire, which spans energy, ports, and airports.

As the global wealth landscape continues to shift, the latest rankings underscore the growing dominance of tech billionaires while highlighting the economic volatility affecting some of the world’s biggest business leaders.

The post Hurun Global Rich List 2025: Elon Musk remains the world’s richest, Mukesh Ambani drops out of top 10 rankings appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Tilray Brands stock price has crashed: time to buy the dip?
next post
Australia faces potential winter gas shortage, regulator warns

Related Posts

Cristiano Ronaldo joins the billionaire club, net worth...

October 8, 2025

Elon Musk’s xAI secures $20B boost as Nvidia,...

October 8, 2025

SoftBank to acquire ABB’s robotics unit for $5.4B...

October 8, 2025

European stocks open higher: CAC 40 climbs 0.11%,...

October 8, 2025

EU steel tariff surge threatens UK exports and...

October 8, 2025

Why Tata Motors stock remains in the red...

October 8, 2025

Asian markets open: Nikkei hits another record high,...

October 7, 2025

Top reasons why the Topix and Nikkei 225...

October 7, 2025

Goldman Sachs boosts 2026 gold price forecast to...

October 7, 2025

Beijing intensifies oil stockpiling amid global supply and...

October 7, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Sateliot and Nordic Enable First 5G IoT Link from LEO Satellites

    October 8, 2025
  • Have Mount Laurel Obligations Made New Jersey Housing More Affordable? A Synthetic Control Analysis of Housing Supply and Cost

    October 8, 2025
  • Rent Control Will Make the Housing Crisis Worse

    October 8, 2025
  • Gold’s Acceleration Reveals Vanishing Calm, Coming Change

    October 8, 2025
  • Why the Erosion of Central Bank Independence Matters

    October 8, 2025
  • Cristiano Ronaldo joins the billionaire club, net worth hits $1.4B

    October 8, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,816)
  • Editor's Pick (281)
  • Investing (185)
  • Stock (1,920)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Europe markets open: Stoxx 600 steady as...

June 11, 2025

Top 4 catalysts for the SCHD ETF:...

May 5, 2025

Is it safe to invest in the...

March 23, 2025