featured-image

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 rankingsThe 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-bas.