Elon Musk is world’s richest person on Hurun Rich List with $420 billion net worth – it’s the ‘Trump Effect’ at work?

World’s richest individuals 2025: Tesla’s Elon Musk has as soon as once more claimed his place as the world’s wealthiest particular person, securing the high spot on the Hurun Rich List for the fourth time in a 5-yr interval.
The 53-yr-previous, who heads each Tesla and SpaceX, noticed a exceptional 82% improve in his net worth, equal to $189 billion, bringing his complete wealth to $420 billion, based on an ET report.
This substantial monetary development primarily got here from Tesla’s vital share worth appreciation, which analysts have related with the ‘Trump impact’—a notable improve in American billionaire wealth following Donald Trump’s presidential tenure.
This wealth accumulation sample prolonged past Musk, affecting quite a few American billionaires. Notable figures similar to Mark Zuckerberg of Facebook, Jeff Bezos of Amazon, and Jensen Huang of Nvidia additionally noticed appreciable wealth will increase, every accumulating extra wealth of $80 billion or extra, based on the report.
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Tesla’s Stock Price and the Trump Impact
Musk, a South African-born entrepreneur, noticed substantial good points throughout the publish-election market surge that enhanced the wealth of many American expertise leaders, together with his associates similar to Peter Thiel.
The monetary holdings of Thiel elevated by 67% to $14 billion, while Musk’s extraordinary development established him as the first person to exceed $400 billion in private wealth.
According to the Hurun report, the upward motion in Tesla’s share worth was attributed to heightened investor confidence following Trump’s electoral success, positioning Musk as a main recipient of this financial development.
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Reality Check Follows Trump-Led Rally
However, Elon Musk’s wealth surge has skilled appreciable fluctuations After January 15, 2025, his net worth has decreased by roughly $100 billion.
The discount occurred as Tesla witnessed a $700 billion decline in market worth, while buyers expressed worries about rising competitors from Chinese electrical car makers and unfavorable client response to Musk’s political statements.
Nevertheless, Musk maintains his place as the world’s richest person.
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