Richest man on the earth regains prime spot on Forbes' 2025 record. Who're billionaires in MS?

[ad_1] Forbes lately launched its record of the wealthiest folks on the earth, and a well-recognized billionaire topped the record for the primary time since 2022

Elon Musk was named the richest particular person on the earth, a comeback after being dethroned Bernard Arnault and household for a number of years.

A document 3,028 folks across the globe making Forbes’ annual record for 2025, 247 greater than final 12 months. The typical fortune globally now stands at $5.3 billion, up $200 million from 2024, amongst these listed.

The U.S. has 902 billionaires. China, together with Hong Kong, had 516, and India has 205.

Mississippi had two billionaires on the record.

Forbes indicated that america had a good backdrop for wealth creation and growing visibility of the ultra-rich, beginning with the White Home, the place Donald Trump was sworn in as “America’s billionaire-in-chief.”

Here is what to know concerning the richest particular person on the earth and the richest folks in Mississippi.

Elon Musk is the world's richest particular person.

His operations, which embrace work in AI (xAI); social media (X); electrical autos, solar energy and batteries (Tesla); and spaceflight (SpaceX), amongst others, propelled his wealth to $342 billion, in keeping with Forbes.

“This time round, he’s giving the billionaire class extra management over the federal government than ever earlier than,” Forbes mentioned. “(Trump's) right-hand man is the planet’s richest particular person."

Brothers James Duff, 64, and Thomas Duff, 68, are each ranked 1,108 on the record. They every have a internet value of $3.3 billion. Each stay in Hattiesburg.

Their father, Ernest Duff, based Southern Tire Mart within the early '70s. He offered the enterprise in 1998, and the pair purchased it again in 2003. In keeping with Forbes, it is their greatest firm and sells greater than 4 million new tires a 12 months and a couple of.5 million truck tire retreads. They're working with Flying J truck stops to develop.

The pair co-own Duff Capital Buyers, which they launched in 2007. The corporate's complete income exceeds $5 billion from greater than 20 corporations that embrace KLLM trucking, Frozen Meals Specific, TL Wallace Development, Magnolia Grille, Magnolia Inn& Suites. The enterprise additionally has investments in a number of automotive dealerships and actual property.

Tom Duff has served on the Mississippi Energy Firm Board of Administrators since being elected in 2018. Then-Gov. Phil Bryant appointed him to serve on the Mississippi Establishments of Larger Studying Board of Trustees from Could 2015 to Could 2024.

The brothers have made the Forbes billionaires record since 2019, once they began with a internet value of $1.2 billion.

Mississippi native Oprah Winfrey additionally made the record with a internet value of $3 billion this 12 months.

In keeping with Forbes, the High 10 richest folks and their internet value had been:

Elon Musk: $344B.

Jeff Bezos: $207.5B.

Mark Zuckerberg: $200.6B.

Larry Ellison: $175.8B.

Warren Buffett: $166.7B.

Larry Web page: $130.3B.

Sergey Brin: $124.9B.

Steve Ballmer: 114.6B.

Rob Walton and household: $107.5B.

Invoice Gates: $107B.

Contributing: Lici Beveridge

Russ Wiles, a enterprise author and columnist, covers a spread of cash and financial matters for The Republic and the USA TODAY Community. Write to him at russ.wiles@arizonarepublic.com.