According to reports published Saturday in Forbes Australia, despite the recent plunge in Tesla stock, the company's CEO, Elon Musk, is still the richest person in the world today. Musk has held this title continuously since May 2024.

Jeff Bezos, founder and chairman of Amazon, who was still in second place at the end of February, dropped to third place on the list this month, with his position taken by none other than Mark Zuckerberg, CEO and founder of Meta.

Eight out of the 10 richest people in the world are Americans, the other two citizens are French Bernard Arnault and Spanish Amancio Ortega, and half of the people on the list are Jewish. All ten of the world's richest people as of March 1, 2025, are men. Each of their fortunes is estimated at approximately $118 billion or more.

Alongside these, Microsoft founder Bill Gates has fallen off the list since October 2024 after information that reached Forbes revealed a significant reduction in his wealth. In his place, Amancio Ortega, founder and chairman of Inditex Group and owner of the Zara store chain, entered the list in ninth place.

The 10 richest people in the world as of today:

1. Elon Musk (owner of X network, CEO of Tesla)
2. Mark Zuckerberg (Jewish-American, CEO and founder of Meta)
3. Jeff Bezos (founder of Amazon)
4. Larry Ellison (Jewish-American billionaire, Chief Technology Officer at Oracle Corporation)
5. Bernard Arnault (French owner of LVMH corporation)
6. Warren Buffett (Chairman and CEO of Berkshire Hathaway investment firm)
7. Larry Page (Jewish-American entrepreneur, co-founded Google with Brin)
8. Sergey Brin (Jewish-American entrepreneur, co-founded Google with Page)
9. Amancio Ortega (founder and chairman of global Inditex Group)
10. Steve Ballmer (Jewish-American, former CEO of Microsoft)

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Steve Ballmer, Bill Gates' former assistant and Microsoft's ex-CEO, has surpassed Gates' net worth to become the 6th richest person globally with a fortune of around $157.2 billion.

Ballmer owns a 4% equity stake in Microsoft. A partnership with OpenAI drove Microsoft's stock up by 21% this year.

Bill Gates, Microsoft's co-founder, has a net worth of around $156.7 billion, with a significant portion diversified through Cascade Investment, including investments in companies like Republic Services Inc.

Gates has gradually reduced his wealth through philanthropy, having donated nearly $60 billion to the Gates Foundation, which he co-founded with his ex-wife Melinda and Warren Buffett. He also co-founded the "Giving Pledge" to encourage other ultra-wealthy individuals to donate.

He became CEO after Gates and left in 2014.

Gates co-founded Microsoft with Paul Allen and hired Ballmer as the company's first business manager in 1980.

In 2014, Ballmer purchased the NBA's Los Angeles Clippers for $2 billion from Shelly Sterling, following her husband's racial slur controversy.

The richest individuals ahead of Ballmer and Gates include Elon Musk, Jeff Bezos, Bernard Arnault, Mark Zuckerberg, and Larry Page.

Sources: Business Insider, Bloomberg, Fox Business, New York Post, O Globo, Telegraaf, Benzinga, Times of India, Economic Times, cnbeta, Sportskeeda, EssentiallySports, BFMTV, Nau, Die Presse, Manager Magazin, HWUpgrade, The Cinemaholic, Sözcü, Liputan6.

This article was written in collaboration with Generative AI news company Alchemiq.

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Money doesn't buy happiness, goes the adage. The results of a recent survey conducted by the Central Bureau of Statistics prove just that.

The CBS analyzed 16 cities based on their standard of living. The cities were divided into three categories.

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The first category includes the cities with the highest standard of living: Kfar Saba, Ramat Gan, Rehovot, Tel Aviv-Jaffa, and Rishon Lezion. The second group included Holon, Beersheba, Petah Tikva, Haifa, Netanya, and Bnei Brak, all ranked as cities with a mid-level quality of life. The third group consisted of Beit Shemesh, Ashkelon, Ashdod, Bat Yam, and Jerusalem, whose living standards the CBS ranked lowest.

The first five cities stand out for employment, housing density, ability to be promoted at work, access to computers, and more possibility of professional advancement for women. The investment in the cities' appearance was evident as well, with an emphasis on parks, sanitation, and the environment.

The research reveals a large gap between these affluent cities and the cities from the third category.

Beit Shemesh was notable for different reasons. Its residents, for example, reported the highest trust in the healthcare system and a sense of belonging, thanks to family members and volunteer work. Ashkelon boasted the most people over age 30 with higher education. Ashdod reported the highest level of security in the cybersphere. Bat Yam had the lowest infant mortality rate, and its residents reported the highest satisfaction with the transportation system and trust in the government. Jerusalem residents reported the lowest levels of loneliness and depression.

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The coronavirus pandemic has had only a slight effect on Israel's millionaires. According to a wealth report from Credit Suisse for this past year, the number of millionaires has dropped by only 154.

The Credit Suisse report says that as of June 2020, Israel was home to 157,286 millionaires, compared to 157,400 millionaires at the start of 2020.

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According to the Swiss banking giant, which studied wealth all over the world, Israel is ranked 30^th globally in terms of the number of millionaires who live there. The study also showed that Israel was home to over 10 billionaires.

The rest of the country is living more modestly. The report indicated that at the end of June 2020, the average per capita wealth in Israel was 773,000 shekels ($221,000), compared to $222,513 at the start of the year.

The total wealth of all adult Israeli citizens currently stands at $1.231 billion, a slight decrease from 2019, when it stood at $1.233 billion.

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Since 2000, the combined wealth of Israel's citizens has more than doubled and now stands at $1.08 trillion, the report finds. However, the authors expressed concerned about Israel's rate of wealth increase compared to the growth of its GDP.

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"The report points to a positive trend that supports Credit Suisse's strategic decision to focus on the Israeli market," says Ido Ben-Haim, head of private banking for Israel at Credit Suisse.

"According to the report, 131,000 millionaires live in Israel, and that number is expected to grow by 32% in the next five years, reaching 174,000," Ben-Haim said.

In 2018, world wealth grew by 2.6% to reach a total of $360 trillion, which means that Israeli wealth comprises 0.3% of all global wealth, whereas the population of Israel makes up only 0.001% of the global population.

The richest nation in the world, according to the report, is the United States, which last year held some 10.5% of the world's wealth, or $3.8 trillion. The US was followed by China, with $1.9 trillion in wealth, and the entire continent of Europe, with $1.1 trillion.

As of the second half of 2019, which is not yet over, there are 46.8 million millionaires worldwide, an increase of 1.1 million since 2018. 18.5 million millionaires live in the US, four times the number who live in China.

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