Elon Musk has conceded the top spot to the richest person in the world
10 september 2025 в 23:13
Since the elections, Elon Musk, who actively participated in President Donald Trump’s efforts to secure a second term in 2025, has only increased his influence within Trump’s inner circle until their split. In November 2024, Trump announced that Musk, along with former Republican presidential candidate Vivek Ramaswami, would lead the newly created Department of Government Efficiency (DOGE), which is not an official government agency. Trump stated that this pair would «pave the way for my administration to dismantle bureaucracy, reduce excessive regulations, eliminate wasteful spending, and restructure federal agencies».
In addition to this role, Trump’s continued support of Musk initially helped boost his business projects. For example, SpaceX’s valuation increased to around $ 350 billion, according to a Bloomberg report from December 2024.
However, Musk was dethroned as the world’s richest person by billionaire Larry Ellison, who became the richest person on Earth in 2025, according to Bloomberg.
Find out who else is currently one of the richest people in the world.
According to several sources, Musk’s net worth is estimated to be around $ 385 billion in 2025. In December 2024, he reached his peak net worth, exceeding $ 400 billion, but it decreased the following year.
Ellison has a net worth of around $ 390 billion thanks to the surge in Oracle’s stock prices in September 2025. Just a few days before, Ellison’s net worth was $ 100 billion lower.
As of today, the richest people in the world according to Bloomberg, Forbes, and several other sources are:
A significant portion of Musk’s wealth comes from his 12% stake in Tesla, which amounts to approximately 412 million shares. He pledged 58% of his Tesla shares as collateral for personal loans totaling $ 3.5 billion. In 2022, Musk sold Tesla shares for $ 40 billion to help finance his $ 44 billion purchase of Twitter, which he later renamed X. Although Musk still owns approximately 79% of the company based on this initial valuation, Twitter’s value dropped by almost 70% by August 2024.
Musk is also a co-founder of SpaceX and The Boring Company and serves as chairman of SolarCity. He owns 43% of SpaceX, which was valued at $ 180 billion in its latest funding round and was valued at $ 350 billion in December 2024. The Boring Company, on the other hand, was valued at approximately $ 5 billion in its latest round.
Additionally, Musk owns approximately 54% of xAI, an artificial intelligence company he founded in 2023. The startup was valued at $ 50 billion as of November 2024, according to the Wall Street Journal
In addition to this role, Trump’s continued support of Musk initially helped boost his business projects. For example, SpaceX’s valuation increased to around $ 350 billion, according to a Bloomberg report from December 2024.
However, Musk was dethroned as the world’s richest person by billionaire Larry Ellison, who became the richest person on Earth in 2025, according to Bloomberg.
Find out who else is currently one of the richest people in the world.
According to several sources, Musk’s net worth is estimated to be around $ 385 billion in 2025. In December 2024, he reached his peak net worth, exceeding $ 400 billion, but it decreased the following year.
Ellison has a net worth of around $ 390 billion thanks to the surge in Oracle’s stock prices in September 2025. Just a few days before, Ellison’s net worth was $ 100 billion lower.
As of today, the richest people in the world according to Bloomberg, Forbes, and several other sources are:
A significant portion of Musk’s wealth comes from his 12% stake in Tesla, which amounts to approximately 412 million shares. He pledged 58% of his Tesla shares as collateral for personal loans totaling $ 3.5 billion. In 2022, Musk sold Tesla shares for $ 40 billion to help finance his $ 44 billion purchase of Twitter, which he later renamed X. Although Musk still owns approximately 79% of the company based on this initial valuation, Twitter’s value dropped by almost 70% by August 2024.
Musk is also a co-founder of SpaceX and The Boring Company and serves as chairman of SolarCity. He owns 43% of SpaceX, which was valued at $ 180 billion in its latest funding round and was valued at $ 350 billion in December 2024. The Boring Company, on the other hand, was valued at approximately $ 5 billion in its latest round.
Additionally, Musk owns approximately 54% of xAI, an artificial intelligence company he founded in 2023. The startup was valued at $ 50 billion as of November 2024, according to the Wall Street Journal
© Smirnova Olga
