00:00Billionaires worldwide saw their combined fortunes surge over the past year,
00:05reaching an all-time high of US$20.1 trillion.
00:09At the top of the list, Elon Musk for the second consecutive year,
00:13with an estimated net worth of US$829 billion.
00:18That makes him the first person ever to surpass the US$800 billion mark
00:22and puts him on track to become the world's first trillionaire.
00:27Musk topped Forbes' world's billionaires list after his fortune grew by about US$500 billion over the past 12 months.
00:36This comes amid growing concerns over global inequality,
00:39with reports showing the world's richest accumulating wealth far faster than the rest of the population.
00:45Much of Musk's wealth has been driven by rising valuations at Tesla and SpaceX,
00:50which is targeting a public offering in 2026.
00:53The figures also kept a rollercoaster year for Musk.
00:58Tesla's share price tumbled earlier in 2025 amid consumer boycotts over his backing of President Donald Trump.
01:04But the stock rebounded in the second half of the year
01:07after Musk stepped away from his role in the Trump administration,
01:10and shares have since remained elevated.
01:13Tesla's share price os among Trumpúc episodes by the Obama administration,
01:13Tesla's share price reception network,upon
Comments