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Forbes 400 2025: U.S. Billionaire Wealth Reaches a Record $6.6 Trillion

Tech-driven gains put Elon Musk at $428 billion with a record $3.8 billion cutoff.

Overview

  • The 20 richest hold a combined $3 trillion, nearly half of all wealth on the list, based on Forbes’ September 1 snapshot.
  • Fourteen newcomers—all described by Forbes as self-made—joined the ranking, led by AI entrepreneur Edwin Chen at an estimated $18 billion.
  • Forbes counts 62 women this year, down from 67 in 2024, with Alice Walton the richest woman at about $106 billion.
  • Lifetime charitable giving by the 400 totals at least $319 billion, yet three-quarters have donated under 5% of their fortunes, according to Forbes’ analysis.
  • President Donald Trump is estimated at $7.3 billion and ranks No. 201 after a roughly $3 billion year-over-year increase reported by Forbes.