Here's your Forbes Daily Briefing for Wednesday, July 16th. Today on Forbes, America's

richest immigrants 2025. Billionaire Stephen Udvar Hazi, who is 79 years old, immigrated

to New York from Hungary as a child, packed boxes in a Manhattan warehouse for 30 cents an hour at age 14,

and then later went on to create the airplane leasing industry. He says, quote,

when you live in an oppressed totalitarian country like I did, and you have no money,

there's no sense of having a future or that life will get better, so you wonder if there's

any hope left.

Udvar Hazi adds, quote, when you get out of that situation and come to America, you have a completely different value system than the people that are born here, who are used to their surroundings

and all the conveniences, freedoms, and material things that are around us. So you start out from a

different point where you appreciate creating value. You appreciate people that are going to. So you start out from a different point where you appreciate creating

value. You appreciate people that are going to be helpful to you, and you're more prone to set

goals and objectives, because you want to get away from that history and past as quickly as possible.

The motivation level is just totally different than it is for a person that was born and raised

here. Udvar Hazi is one of the record 125 foreign-born American citizens

on Forbes's billionaires list who currently live in the United States.

That number is up by more than a third from our last tally of 92 in 2022.

These immigrants hail from 41 countries and account for 14% of the country's nearly 903-coma

fortunes.

These American immigrants are worth a record $1.3 trillion combined and hold 18% of America's

$7.2 trillion in total billionaire wealth. Three of the ten richest people in America and the world

are immigrants, including the world's wealthiest person, Elon Musk, who is 54 years old and who was

born in South Africa and came to the U.S. via Canada as a college student. Musk is now worth an estimated

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