Here's your Forbes Daily Briefing for Tuesday, March 4th.

Today on Forbes, the top 10 richest people in the world, March 2025.

While the Trump administration spent much of February working to slash federal employment, stocks sagged,

and the world's 10 richest people collectively got $140 billion

poorer.

Altogether, the top 10 richest are worth a notable $1.89 trillion, down from $2.03 trillion

at the start of February.

Our top 10 richest people on Earth list is as of March 1st, 2025 at 12 a.m. Eastern Time.

As a reminder, stock prices fluctuate routinely, so the net worths on our list may change on a daily

basis. Forbes tracks the daily changes on our real-time list of billionaires.

Forbes has been keeping track of the world's billionaires since 1987. In April 24, we found 2,781 of them for our

annual list. Of the top 10 richest people in the world over the past month, Elon Musk was the biggest

loser of the bunch. Though he still holds on to his

spot as the world's wealthiest person, a sharp downturn in Tesla shares shaved $62 billion

off his fortune, as the electric vehicle maker shed a remarkable one-quarter of its market

valuation in February. Back in December, Musk became the first billionaire to be worth

more than $400 billion, as Tesla shares climbed and the value of Musk's privately held

artificial intelligence firm, XAI, surged thanks to new investors. But his tenure at that upper

echelon was relatively short-lived. On February 10th, as Tesla shares

tumbled, his fortune dropped below $400 billion, and the stock kept falling. As of March 1st,

he's worth $359.5 billion, Forbes estimates. The plunge in Tesla shares took place amid reports that purchases of Tesla vehicles have declined

dramatically in Europe and states like California.

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