According to Forbes' 2025 World's Billionaires list, four of the ten richest individuals reside in California, where tech wealth dominates. Elon Musk tops the list with $342 billion, followed by Mark Zuckerberg in second place and Jeff Bezos in third. The overall billionaire count rose to 3,028, collectively worth $16.1 trillion, a gain of nearly $2 trillion from the previous year. Most California billionaires made their fortunes in technology, highlighting the sector's economic power, while only one outlier profited from real estate.
Forbes noted, 'Not only are there more of them, but they're richer than ever,' highlighting the collective net worth increase of $16.1 trillion.
Elon Musk's estimated net worth soared to $342 billion in 2025, reclaiming the title of 'world's richest person' from Bernard Arnault.
The vast majority of California's wealthiest billionaires are men, with nine of the top ten amassing their fortunes in technology.
For the first time, Meta Platforms CEO Mark Zuckerberg ranked second among billionaires, showcasing a significant shift in the wealth landscape.
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