Here's your Forbes Daily Briefing for Wednesday, April 2nd.

Today on Forbes, the world's richest person, 2025.

After ranking as runner-up the past two years, Elon Musk reclaims the number one spot on Forbes's

2025 World's Billionaires List, our annual ranking of the planet's wealthiest people,

which was just released on Tuesday. The 53-year-old businessman, who was vaulted to political

prominence as one of President Donald Trump's closest advisors, boasts a net worth of $342 billion,

as of March 7th when Forbes locked in net worths for the list.

That figure makes him not just the richest person in the world, but the richest person Forbes has

ever tracked. He's $118 billion richer than second place, Mark Zuckerberg, a gap that is more

than the entire net worth of Bill Gates,

and roughly equal to the market capitalization of Spotify. The man who took Musk's title on

the last two lists, LVMH's Bernard Arnaud, is now worth roughly half as much as Musk at $178 billion.

Since last year's ranking, Musk's already enormous fortune has grown by 75%, or $147 billion. All of Musk's largest assets have gone

up in value. Even Tesla, which jumped 90% between the night before the election and the end of December,

before crashing, is up 50% since last year's list.

But SpaceX is now Musk's most valuable asset for the first time in five years.

The Rocket and Satellite Company is worth $350 billion, nearly double its valuation from last year.

Musk owns an estimated 42% of SpaceX and 13% of Tesla, excluding options.

Musk's artificial intelligence business, XAI, raised $6 billion from private investors

at a $50 billion valuation in November, doubling

its valuation from six months earlier. Even the social media company X is showing signs of life,

though with a major assist for Musk's financial engineering. Last Friday, Musk announced that

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