Elon Musk has become the richest person in the world

^{Photo: Getty images}
According to The Wall Street Journal, the head of the US Department of State Efficiency (DOGE) and American entrepreneur Elon Musk has taken first place in the ranking of the richest people in the world. According to the exclusive list compiled by Altrata, Musk's wealth as of February 2025 is estimated at $ 419.4 billion.

Superbillionaires Ranking

This ranking includes the 24 richest people in the world, whose total wealth is $ 3.3 trillion. 16 of them have assets of more than $ 100 billion. Musk is followed by the following businessmen:

1. Jeff Bezos (founder of Amazon) - $ 263.8 billion.
2. Bernard Arnault (president of LVMH) - $ 238.9 billion.
3. Larry Ellison (co-founder of Oracle Corporation) - $ 237 billion.
4. Mark Zuckerberg (head of Meta Corporation) - $ 220.8 billion.
5. Sergey Brin (co-founder of Google) - $ 160.5 billion.

Modern billionaires: the source of wealth is changing

Researchers say that today's super-rich are fundamentally different from the billionaires of the past. While in the 19th and 20th centuries, wealth grew due to industry and physical infrastructure, today's millionaires accumulate capital mainly through intellectual property and technology.

For example, in the 19th century, John Rockefeller made his fortune in the oil industry, Andrew Carnegie in steel production, and Cornelius Vanderbilt in railroads. Today, technology entrepreneurs are becoming billionaires thanks to hot markets and innovation.

Market trends determine wealth

In today's world, wealth is likely to rise or fall dramatically. For example, Nvidia founder Jensen Huang increased his wealth by tens of billions of dollars in a single year due to the sharp rise in the company's shares. The market movements of technology companies can bring significant profits or losses to their owners.

Inheritance, not personal effort

Modern billionaires are more entrepreneurial entrepreneurs than their predecessors. According to research by the Heritage Foundation, less than half of the 97 hereditary billionaires who made the Forbes 400 list in 2005 are still on the list today. This shows that it is not important to preserve wealth, but to achieve great success with new ideas and technologies.

Elon Musk and his achievements in the field of modern technology are having a huge impact on the world of finance and business around the world. The trend of accumulating wealth through personal labor and innovation, instead of inheritance, is gaining momentum. The fact that today's billionaires are acquiring very large capital in a short time means that new opportunities are emerging in the business world. Follow “Zamin” news on “Telegram”