All articles tagged with #forbes 400
Nine individuals from Massachusetts made the Forbes 400 list of the wealthiest Americans in 2025, led by Abigail Johnson of Fidelity with a net worth of $35 billion, followed by Robert Kraft of the Patriots with $13.8 billion. The list highlights significant wealth in finance, real estate, sports, and technology sectors within the state.
Elon Musk remains the richest person in America for the fourth consecutive year, with a net worth of $428 billion, driven by a significant increase in Tesla and SpaceX valuations despite some setbacks. His wealth is primarily tied to his holdings in Tesla, SpaceX, and xAI, with ongoing legal and financial developments potentially impacting his assets. Musk's ventures and investments continue to make him a dominant figure in the billionaire landscape.
The 2025 Forbes 400 list ranks the wealthiest Americans, including three Pittsburgh-area billionaires: Edward Stack ($5.4B), Thomas Tull ($5.3B), and Maggie Hardy ($4.3B), with a combined net worth of about $15 billion. The list highlights the increasing total wealth in the U.S., with Elon Musk as the richest person overall.
The 2025 Forbes 400 list reveals the wealthiest Americans are worth a record $6.6 trillion, with Elon Musk maintaining the top spot at $428 billion. The list saw new entrants and a slight decrease in female representation, highlighting the ongoing growth and concentration of wealth among the super-rich despite economic concerns.
The article highlights the ten youngest billionaires on the 2025 Forbes 400 list, led by Surge AI founder Edwin Chen at 37 with a net worth of $18 billion, and discusses their sources of wealth, ages, and recent financial gains, notably Mark Zuckerberg's significant increase in wealth due to Meta's stock performance.
Elon Musk, the CEO of Tesla, SpaceX, and xAI, has topped the 2024 Forbes 400 list with a net worth of $334 billion. Musk's wealth is largely derived from his stakes in Tesla and SpaceX, with significant investments in other ventures like xAI and Neuralink. Recently, Musk has become a prominent supporter of Donald Trump, contributing $119 million to his campaign and being appointed co-chair of the Department of Government Efficiency. Despite potential conflicts of interest due to his companies' ties with the federal government, Musk's fortune has surged, partly due to Tesla's stock performance post-election.
Ten billionaires from Pennsylvania have been named among the richest Americans in Forbes' annual list. The richest person in Pennsylvania is Jeff Yass, co-founder of Wall Street trading firm Susquehanna International Group, with a net worth of $28.9 billion. Other notable billionaires from Pennsylvania include Michael Rubin, CEO of sports merchandising retailer Fanatics, and Victoria Mars, an heiress of Mars, Incorporated. The total assets owned by the richest Americans amount to $4.5 trillion, with Pennsylvanians owning $81.7 billion of that.
Michael Bloomberg, co-founder of Bloomberg LP, tops the Forbes 400 list as the wealthiest person in New York with an estimated net worth of $96.3 billion. Elon Musk takes the overall top spot with a net worth of $251 billion, thanks to his companies Tesla, SpaceX, and X. The list includes notable firsts, such as Michael Jordan becoming the first professional athlete on the Forbes 400. Texas' Alice Walton is the wealthiest woman on the list with a net worth of $66.5 billion.
Elon Musk and Jeff Bezos top Forbes' 400 richest people in America in 2023, with Musk retaining the top spot despite recent financial losses. The list includes a diverse range of individuals from various industries, with Microsoft's Bill Gates and Facebook's Mark Zuckerberg also ranking in the top 10. Notably, former NBA star Michael Jordan makes his debut on the list. However, there are no women in the top 10, although three women appear in the top 20. Lukas Walton, grandson of Walmart founder Sam Walton, is now the youngest richest person in the U.S. at age 37. Notable exclusions from the list include former president Donald Trump and several tech industry figures.
Former President Donald Trump has been dropped from the Forbes 400 list of America's wealthiest individuals due to a decline in his net worth. Trump's estimated net worth of $2.6 billion is $300 million short of the baseline to make the list. The drop in his wealth is attributed to the underperformance of his social media platform, Truth Social, which has failed to meet expectations. Additionally, the value of Trump's office buildings, including a San Francisco property, has declined, while his golf properties have seen increased revenue. Trump is also facing a civil fraud trial in New York that accuses him of overrepresenting his wealth.
The Forbes 400 list of the richest Americans reveals that the wealthiest individuals in the U.S. have seen a significant increase in their wealth, with a collective net worth of $4.5 trillion, tying a record set in 2021. Elon Musk retains the top spot with an estimated net worth of $251 billion, followed by Jeff Bezos and Larry Ellison. The tech tycoons on the list have experienced a boost in wealth, largely driven by the AI industry. Eighteen new faces joined the list, including Michael Jordan and Josh Kushner, while 24 individuals dropped off, including Donald Trump and Evan Spiegel. The list remains predominantly male, with only 15% representation of women.
The 2023 Forbes 400 list of the richest people in America reveals that 70% of the members have built their own fortunes, while 30% inherited their wealth. Forbes assigns each billionaire a self-made score ranging from 1 to 10, with 1 to 5 indicating inheritance and 6 to 10 representing self-made success. Notable self-made billionaires include George Soros, Howard Schultz, and David Murdock, who overcame significant adversity. The most common score is 8, with nearly 80% of the Forbes 400 either inheriting their wealth or coming from a middle-class background.