Elon Musk is world’s richest person on Hurun Rich List with $420 billion net worth – it’s the ‘Trump Effect’ at work?

The world’s richest person 2025: Elon Musk of Tesla has once again claimed his position as the world’s richest person, who topped the Hurun rich list for the fourth time in a five -year period.
According to the ET report, the 53 -year -old, who is the head of both Tesla and SpaceX, saw an increase of 82% in its total assets, which is equal to $ 189 billion, raising its total funds to $ 420 billion.
This adequate financial development came mainly from Tesla’s significant share price appreciation, which is associated with ‘Trump Effect’ by analysts – Donald Trump’s remarkable increase in wealth after Donald Trump’s presidential tenure.
This money accumulation pattern expanded beyond musk, affects many American billionaires. According to the report, remarkable figures such as Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, and Jensen Huang of NVidia also saw an increase in money, each collected additional assets of $ 80 billion or more.
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Tesla’s stock price and trump effect
South African -born entrepreneurs, Musk, saw sufficient advantage during the growth in the post -election market, which increased the wealth of many American technology leaders, including his colleagues such as Peter Theal.
Thiel’s financial holding rose by 67% to $ 14 billion, while Musk’s extraordinary growth established him as the first person of more than $ 400 billion in personal money.
According to the Hurun report, the upward movement in Tesla’s share price was attributed to the increased investor confidence after Trump’s electoral success, as the primary recipient of this economic advancement as the primary recipient.
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However, Elon Musk’s Wealth Surge has experienced a lot of ups and downs since January 15, 2025, his total assets have declined by about $ 100 billion.
Tesla’s market price declined as a decline of $ 700 billion, while investors expressed concern about the growing competition from Chinese electric vehicle manufacturers and negative consumer reaction to Musk’s political statements.
Nevertheless, musk maintains its position World’s richest person,
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