Elon Musk tops the list of richest Americans in Forbes 400: Tesla owner is $90 billion richer than Jeff Bezos who took second place… while Donald Trump FALLS
Elon Musk is still America’s richest man with a fortune of $251 billion, according to the annual Forbes 400 survey, leaving fellow tech titans Jeff Bezos and Larry Ellison in his wake.
Like millions of Americans, the Tesla boss is no better off than he was last year, but he is still backed by a fortune about $90 billion bigger than anyone else’s.
Despite paying $44 billion for Twitter last year, he has retained his wealth, helped by a fivefold increase in the value of his rocket company SpaceX to $150 billion in the past four years.
But there is no place for ex-President Donald who falls off the list with an estimated fortune of $2.6 billion, leaving a $300 million shortfall to make the top 400.
The former president shared a spot on the first incarnation of the list with his father Fred in 1982, but is believed to have lost $600 million in the past year amid a flood of legal bills and the poor performance of his social media network Truth Social.
There is also no room for anyone from the Kardashian clan, despite Kim having a fortune of $1.4 billion and younger sister Kylie earning $750 million from her cosmetic brands.
Tesla and SpaceX boss Elon Musk retains his first place as America’s richest man with a fortune estimated at $252 billion
But the former richest man, ex-Amazon boss Jeff Bezos, 59, pictured with fiancée Lauren Sanchez, has made up some ground in second place with $161 billion
Reclusive Oracle co-founder Larry Ellison, 79, comes in third with $158 billion
But Ivanka Trump’s brother-in-law Josh Kushner makes the list first with $3.6 billion thanks to his venture capital firm Thrive Capital.
The business magazine’s annual list estimates the total wealth of America’s top 400 at $4.5 trillion, matching the previous high in 2021.
Only 60 women are on the list, led by Walmart heir Alice Walton, 73, with $64.9 billion, but the list includes the first professional athlete in the form of Michael Jordan with a fortune of $3 billion, thanks in part to nine-figure annual royalty checks from Nike and his sale of stock in the Charlotte Hornets NBA team.
Back at the top, Musk sees Amazon founder Jeff Bezos gaining ground with a fortune of $161 billion, up from $10 billion in the past year.
Bezos, 59, was the richest man in the world for four years with a fortune of $201 billion before being overtaken by Musk in 2021.
His wife MacKenzie received a quarter of his Amazon shares when they divorced in 2019 and he is accused of leaving Amazon successor Andy Jassy to clean up his mess after stepping down as the company’s CEO in July 2021.
He remains owner of the Washington Post and space company Blue Origin, with which he flew into orbit in 2021.
Fighting Bezos for third place is 79-year-old Oracle co-founder Larry Ellison, with $158 billion from his 40 percent stake in the company.
He also owns 15 million shares in electric car maker Tesla and 98% of Lana’l, the private island in Hawaii where he moved in 2020.
‘Sage of Omaha’ Warren Buffet, 93, has a fortune of $121 billion after a lifetime of discovering good investments for his company Berkshire Hathaway
Larry Page, 50, will remain a board member and controlling shareholder of Google’s parent company Alphabet
But technology isn’t the only route to wealth, and investor Warren Buffet, 93, ranks fourth on the list with $121 billion from his investment firm Berkshire Hathaway.
The ‘Sage of Omaha’ is the son of a US congressman, bought his first stocks at the age of 11 and filed his first taxes at the age of 13.
Born in Nebraska, his company wholly owns companies like Geico and Dairy Queen, along with parts of Cocoa Cola, Kraft Heinz and Apple.
Google’s reclusive co-founder Larry Page, 50, retains his place at the bottom of the top five with $144 billion, up $21 billion from last year.
He has been photographed only a handful of times since stepping down as CEO of Google’s parent company Alphabet in 2019 and spent months in Fiji during the coronavirus pandemic – mainly on Tavarua Island.
Microsoft founder Bill Gates was once the richest man in the world but now ranks sixth on the US list, while Page’s Google co-founder Sergey Brin comes in at number seven.
Facebook’s Mark Zuckerberg has spent part of this year fending off a cage-fight challenge from Musk, but his early investment in AI is helping him consolidate his $106 billion fortune.
Gates’ former right-hand man, former Microsoft CEO Steve Ballmer, is at number nine with $101 billion, and media titan Michael Bloomberg proves you don’t need an eleven-figure fortune to make the top ten, sneaking into tenth place with $96 billion.
Michael Dell of the eponymous computer company has seen his fortune grow to $72 billion in five years, while the next three spots are occupied by members of the Walton family behind Walmart, including Alice in 14th place.
Julia Koch is left with a $60 billion stake in Koch Industries, inherited from her husband David, who died in August 2019 at the age of 79.
And her former in-law Charles Koch follows closely behind with $55 billion from the sprawling manufacturing giant.
The biggest riser on the list is Taiwan-born Nvidia co-founder Jensen Huang, who shot up 31 places to 17th thanks to furious demand from AI companies for his company’s computer chips.
Nike founder Phil Knight drops to 18th place, while siblings Jacqueline and John Mars take the next two spots thanks to their shares in the confectionery giant.
The top 20 is supported by MacKenzie Scott, Bezos’ former wife, who has a fortune of $37 billion after giving away more than $14 billion to charities since 2020.
Lower down the list is Lukas Walton, the youngest in the top 400 at 37, and one of only four people under 40 to make it.
The oldest is Dole Food Products billionaire David Murdock, 100 years old, and the average age of the richest billionaires is 70 years old.