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The U.S. stock market continued to sizzle in August but it wasn’t enough to lift all fortunes, as four of the world’s top 10 wealthiest people lost ground.

Read the full story on Forbes: https://www.forbes.com/sites/forbeswealthteam/article/the-top-ten-richest-people-in-the-world/

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Transcript
00:00Today on Forbes, the top 10 richest people in the world, September 2025.
00:07In a month when U.S. stock market indices once again hit new highs,
00:12the combined net worth of the top 10 richest people on the planet
00:15increased by just 1%, or $21 billion, to $2.13 trillion.
00:23Driving the modest gain was the fact that August was a mixed month for the world's wealthiest,
00:28with 6 becoming richer and 4 poorer, as several soaring tech stocks retreated.
00:35Our top 10 richest people on Earth list is as of September 1, 2025, at 12 a.m. Eastern Time.
00:42As a reminder, stock prices fluctuate routinely, so the net worths on our list may change on a daily basis.
00:50Forbes tracks the daily changes on our real-time list of billionaires.
00:53Forbes has been keeping track of the world's billionaires since 1987.
00:57In April 2025, we found 3,028 of them for our annual list.
01:04The biggest gainers over the last month were Alphabet's Larry Page and Sergey Brin,
01:09whose fortunes popped by $20.3 billion and $15.1 billion, respectively.
01:15Shares of the search giant jumped by nearly 9% to a record high.
01:21And this was before a federal judge ruled Tuesday, September 2,
01:24that Google will not have to sell its Chrome browser to remedy its search market monopoly.
01:30Page held steady as the number 5 richest person in the world,
01:33with a net worth of $178.3 billion,
01:36while Brin moved up one rung to number 6, with a net worth of $165.9 billion.
01:45The Google co-founder took the spot of NVIDIA's Jensen Huang,
01:49who slipped to number 9 as his fortune fell by $3.5 billion,
01:54landing his net worth at $150.4 billion.
01:57Shares of NVIDIA dropped by more than 3% on the last day of August,
02:03likely due to China concerns amid an announcement from Alibaba
02:06that it was developing its own chip.
02:10August's biggest loser was July's biggest winner.
02:14Larry Ellison, co-founder of Oracle,
02:17lost nearly $29 billion after having gained $37 billion the previous month.
02:22Shares of his software and cloud computing firm fell by nearly 10% last month.
02:29Although he was the month's biggest loser,
02:31Ellison maintains his number 2 position for a third month in a row,
02:35with a net worth of $270.9 billion.
02:40Bernard Arnault, the only non-American among the top 10 richest,
02:44moved up to number 7 from number 10,
02:47thanks to an $11.2 billion increase in his net worth,
02:50due in part to the resilient margins of his luxury goods powerhouse, LVMH.
02:56His fortune stands at $154.1 billion.
03:01For the 16th month in a row,
03:03Elon Musk holds on to the title of the richest person on the planet.
03:08Musk is worth $415.6 billion,
03:11$14.4 billion more than last month,
03:14and enough to widen the gap between him and number 2, Ellison,
03:17to a staggering $144.7 billion difference.
03:23Not mentioned so far here are number 3, Mark Zuckerberg,
03:27whose net worth is $253 billion,
03:30and number 4, Jeff Bezos,
03:32whose net worth is $240.9 billion.
03:36Zuckerberg, the social media CEO,
03:39ended August down $13.7 billion,
03:41as shares of meta-platforms,
03:44originally Facebook,
03:46fell nearly 5% due partly to concerns about AI costs,
03:50and yet another AI restructuring.
03:53Bezos, the founder and chairman of Amazon,
03:55saw his fortune drop by $5.5 billion in August,
03:59as Amazon shares ended the month down 2.3%.
04:03Rounding out the Top 10 Richest People in the World list in September
04:07are number 8, Steve Ballmer,
04:09the former CEO of Microsoft and the owner of the LA Clippers,
04:13whose net worth is $151.3 billion,
04:16and who saw his fortune rise,
04:18becoming an estimated $4.4 billion wealthier in the past month.
04:23And number 10, Warren Buffett,
04:25who added $7 billion to his fortune in the past month,
04:29but not enough for him to hold on to his spot
04:30at number 9 from last month.
04:33Buffett's net worth is $150.4 billion.
04:37All of the Top 10 Richest People as of September 1st are men.
04:41Each of them is worth $150 billion or more,
04:45up from $143 billion last month.
04:49For full coverage and to see the whole list,
04:51check out the Forbes Wealth Teams piece on Forbes.com.
04:56This is Kieran Meadows from Forbes.
04:58Thanks for tuning in.
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