Elon Musk has reclaimed his position as the world's richest individual, surpassing Bernard Arnault on Forbes' 39th Annual Billionaires list, while President Donald Trump has seen his wealth more than double, highlighting significant shifts in the global financial landscape.
Elon Musk has reclaimed the title of the world’s richest individual, according to Forbes' annual billionaires list, despite facing financial challenges and some criticism related to his involvement with the Trump administration.
Meanwhile, President Donald Trump has seen his wealth more than double, as reported by metro.co.uk.
Forbes' 39th Annual World’s Billionaires list, released on Tuesday, features a record 3,028 billionaires, the highest number since the list’s inception in 1987. This year’s list includes a record 15 individuals with wealth surpassing $10 billion, collectively contributing to a combined net worth of $16.1 trillion.
Musk, the CEO of Tesla, SpaceX, and owner of X (formerly Twitter), saw his net worth rise by 75%, reaching approximately $342 billion. He became the first person ever to exceed $300 billion in wealth, overtaking Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton, the world's largest luxury goods company.
Musk’s wealth spike is attributed to the rising valuations of SpaceX and xAI, as well as a consistent increase in Tesla stock. Despite a 36% drop in Tesla stock during the first quarter of this year, Musk’s fortune remains largely unaffected, securing his top position in the 2025 list.
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Iran will seek dialogue with protest leaders after demonstrations in Tehran and other cities over a plunge in the currency's value that has accelerated inflation, with the central bank chief resigning, the government said on Tuesday.
Turkish police have detained 357 suspects in a nationwide operation targeting Islamic State, Interior Minister Ali Yerlikaya said on Tuesday, following a deadly clash with suspected militants a day earlier.
The head of Yemen’s Presidential Council, Rashad al-Alimi, has ordered all forces linked to the United Arab Emirates to leave Yemen within 24 hours.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 30th of December, covering the latest developments you need to know.
Roman Abramovich, the Russian billionaire and former Chelsea Football Club owner, has assembled a “top tier” legal team, including a former White House advisor, as he prepares for a legal battle in Jersey.
Venezuelan President Nicolás Maduro on Sunday praised the country’s armed forces as “invincible warriors” during a year-end ceremony honouring the Bolivarian National Armed Forces, held in the coastal city of La Guaira.
Iran successfully launched three satellites on Sunday using a Russian Soyuz rocket from Russia’s Far East, marking the latest stage in growing Iran-Russia space cooperation.
Türkiye on Sunday denied reports that a Turkish Airlines passenger flight diverted from Libya due to fears of retaliation following a Libyan military delegation plane crash near Ankara.
Torrential rainfall across southern and eastern Spain over the weekend has left one person dead and two others missing, authorities said on Sunday evening, as overflowing riverbeds swept away vehicles and officials urged residents to stay indoors.
A technical incident occurred between the ASCO-owned tanker Kalbajar and the Turkish-flagged tanker Alatepe in waters off Istanbul, according to the Azerbaijan Caspian Shipping Closed Joint-Stock Company (ASCO).
Russian President Vladimir Putin held a meeting on the situation in Ukraine, during which he said Russian forces were making progress on several fronts, according to statements released by the Kremlin.
Latvia has completed construction of its border fence with Russia, marking a major step in strengthening national and EU external border security. Authorities say work will now focus on expanding surveillance technology and additional infrastructure along the eastern border.
The head of Yemen’s Presidential Council, Rashad al-Alimi, has ordered all forces linked to the United Arab Emirates to leave Yemen within 24 hours.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 30th of December, covering the latest developments you need to know.
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