Forbes has unveiled its latest list of the world’s wealthiest individuals as of June 1, 2025, revealing that Elon Musk has reclaimed the top position with a staggering net worth of $423 billion. Musk, the CEO of Tesla, SpaceX, xAI, and X, saw a significant increase of $36 billion in May alone, largely driven by a 23% surge in Tesla shares following the announcement of its upcoming robotaxi launch.

Elon Musk’s wealth increase and his recent departure from a prominent government advisory role have “further cemented Musk’s status as the world’s wealthiest person by far,” according to Forbes.

In second place is Mark Zuckerberg, CEO of Meta, who has a net worth of $224 billion, climbing ahead of Amazon founder Jeff Bezos, who now ranks third with $220 billion. Zuckerberg’s ascent came after an 18% rise in Meta’s stock price, while Bezos experienced a $19 billion gain amid an 11% increase in Amazon’s shares.

Following them is Larry Ellison, founder of Oracle, with a net worth of $206 billion, and Warren Buffett, CEO of Berkshire Hathaway, who stands at $158 billion. However, Buffett was noted as the biggest loser this month, dropping $9 billion after announcing plans to step down as CEO; this caused a 5% decline in shares of his company.

French luxury magnate Bernard Arnault currently holds the sixth position with $144 billion, having experienced a $3 billion decrease as shares in LVMH dipped by 2%. Google co-founders Larry Page and Sergey Brin occupy the seventh and eighth spots with net worths of $142 billion and $136 billion, respectively.

Steve Ballmer, former CEO of Microsoft, has moved up to ninth place with a net worth of $133 billion, after a $15 billion increase fueled by a 16% jump in Microsoft’s stock price. Spanish retail mogul Amancio Ortega rounds out the top ten with $124 billion, with only a modest increase of $600 million as shares in Inditex remained largely flat.

The latest rankings illustrate a robust month for technology billionaires, as the Nasdaq and S&P 500 indices rose by 10% and 6%, respectively, thanks to strong corporate earnings, easing trade tensions, and a slight recovery in U.S. consumer confidence. Collectively, the top ten richest individuals now boast a combined net worth of $1.9 trillion, reflecting an increase of $140 billion since the beginning of May.