NEW YORK CITY— With a net worth of $908 billion, Elon Musk again tops the Forbes 400, a ranking of the nation's wealthiest billionaires that includes Michael Bloomberg, the richest person in New York City, with a net worth of $94.9 billion.
Forbes said Musk's place at the top of its 45th annual Forbes 400 ranking shows "the wealth gap is widening, even among the ultra-rich." Those on the ranking, released Tuesday, are worth a record $8 trillion, up from $6.6 trillion a year ago. Together, the 20 richest billionaires account for $4 trillion of the total, up from $970 billion from last year.
"Elon Musk's trillionaire moment was short-lived, but the wealth controlled by the top 20 is massive," Forbes said.
Billionaires on the list from NYC are:
Michael Bloomberg
Bloomberg LP, $94.9 billion
No. 16 nationally
Bloomberg cofounded financial information and media company Bloomberg LP in 1981.
Julia Koch & family
Koch, Inc., $84.6 billion
No. 17 nationally
Koch and her family hold their fortune through Koch, Inc.
Stephen Schwarzman
Investments, $46.4 billion
No. 23 nationally
Schwarzman built his fortune through investments and private equity.
Marilyn Simons & family
Hedge funds, $36.6 billion
No. 27 nationally
Simons and her family built their fortune through hedge fund investments.
Israel Englander
Hedge funds, $27.6 billion
No. 41 nationally
Englander built his fortune through the hedge fund industry.
Rupert Murdoch & family
Newspapers, TV network, $25 billion
No. 46 nationally
Murdoch and his family built their fortune through newspapers and television.
Edwin Chen
Artificial intelligence, $18 billion
No. 65 nationally
Chen built his fortune in the artificial intelligence industry.
Josh Kushner
Venture capital, $16.7 billion
No. 69 nationally
Kushner built his fortune through venture capital and investments.
Leon Black
Private equity, $15 billion
No. 83 nationally
Black built his fortune through private equity.
Ralph Lauren & family
Apparel, $14.8 billion
No. 87 nationally
Lauren built a global fashion business around the Ralph Lauren brand.
Henry Kravis
Private equity, $13.5 billion
No. 95 nationally
Kravis built his fortune through private equity.
Valerie Mars
Candy, pet food, $12.6 billion
No. 103 nationally
Mars' family fortune is tied to the candy and pet food businesses.
John Paulson
Hedge funds, $12.3 billion
No. 110 nationally
Paulson built his fortune through hedge fund investing.
Michael Dorrell
Investing, $11.7 billion
No. 124 nationally
Dorrell built his fortune through investing.
Ramzi Musallam
Private equity, $11.6 billion
No. 128 nationally
Musallam built his fortune through private equity.
William Ackman
Hedge funds, $10.9 billion
No. 142 nationally
Ackman built his fortune through hedge fund investing.
Ron Baron
Money management, $10.8 billion
No. 144 nationally
Baron built his fortune through money management and investing.
David Shaw
Hedge funds, $10.8 billion
No. 144 nationally
Shaw built his fortune through hedge fund investing.
Bruce Kovner
Hedge funds, $10.4 billion
No. 150 nationally
Kovner built his fortune through hedge fund investing.
Ken Langone
Investments, $10.3 billion
No. 151 nationally
Langone built his fortune through investments and business ventures.
Jonathan Gray
Investments, $9.5 billion
No. 165 nationally
Gray built his fortune through investments.
Philippe Laffont
Hedge fund, $9.5 billion
No. 165 nationally
Laffont built his fortune through hedge fund investing.
David Siegel
Hedge funds, $9.3 billion
No. 170 nationally
Siegel built his fortune through hedge fund investing.
Leonard Stern
Real estate, $9 billion
No. 181 nationally
Stern built his fortune through real estate.
Tony Tamer
Private equity, $9 billion
No. 181 nationally
Tamer built his fortune through private equity.
Stanley Druckenmiller
Hedge funds, $8.9 billion
No. 185 nationally
Druckenmiller built his fortune through hedge fund investing.
George Soros
Hedge funds, $8.6 billion
No. 192 nationally
Soros built his fortune through investing and hedge funds.
Marc Rowan
Private equity, $8.3 billion
No. 199 nationally
Rowan built his fortune through private equity.
Vincent Viola
Electronic trading, $8.3 billion
No. 199 nationally
Viola built his fortune through electronic trading and financial markets.
Daniel Ziff
Investments, $8.3 billion
No. 199 nationally
Ziff built his fortune through investments.
Robert Ziff
Investments, $8.3 billion
No. 199 nationally
Ziff built his fortune through investments.
Chase Coleman III
Investments, $8.1 billion
No. 211 nationally
Coleman built his fortune through investments.
Steven Spielberg
Movies, $7.9 billion
No. 216 nationally
Spielberg built his fortune through his filmmaking career and the movie industry.
Paul Singer
Hedge funds, $7.2 billion
No. 238 nationally
Singer built his fortune through hedge fund investing.
Jeremy Jacobs Sr. & family
Food service, $6.9 billion
No. 251 nationally
Jacobs and his family built their fortune through the food-service industry.
Stephen Feinberg & family
Private equity, $6.3 billion
No. 267 nationally
Feinberg and his family built their fortune through private equity.
John Catsimatidis
Oil, real estate, $6.2 billion
No. 269 nationally
Catsimatidis built his fortune through oil, real estate and related businesses.
Michael Novogratz
Investments, cryptocurrency, $6.2 billion
No. 269 nationally
Novogratz built his fortune through investments and cryptocurrency.
Barry Diller
Online media, $6 billion
No. 283 nationally
Diller built his fortune through media and online businesses.
Michael Intrator
Technology, $5.7 billion
No. 302 nationally
Intrator built his fortune in technology.
Steven Klinsky
Investments, $5.6 billion
No. 306 nationally
Klinsky built his fortune through investments.
Pablo Legorreta
Investments, $5.6 billion
No. 306 nationally
Legorreta built his fortune through investments.
Ronald Lauder
Estée Lauder, $5.4 billion
No. 315 nationally
Lauder's fortune is tied to the Estée Lauder cosmetics business.
Thomas Secunda
Bloomberg LP, $5.2 billion
No. 325 nationally
Secunda cofounded Bloomberg LP, the financial information and media company.
Jon Stryker
Medical equipment, $5.2 billion
No. 325 nationally
Stryker's fortune is tied to medical equipment.
Marc Lore
Jet.com, $5.1 billion
No. 336 nationally
Lore built his fortune through e-commerce, including Jet.com.
James Chambers
Media, automotive, $5 billion
No. 343 nationally
Chambers' fortune comes from media and automotive interests.
Katharine Rayner
Media, automotive, $5 billion
No. 343 nationally
Rayner's fortune is tied to media and automotive interests.
Margaretta Taylor
Media, automotive, $5 billion
No. 343 nationally
Taylor's fortune is tied to media and automotive interests.
Hamilton James & family
Investments, $4.8 billion
No. 356 nationally
James and his family built their fortune through investments.
Stewart Rahr
Drug distribution, $4.7 billion
No. 367 nationally
Rahr expanded Kinray, the pharmaceutical distributor his father founded in 1944, and sold it to Cardinal Health in 2010 for $1.3 billion.
Don Vultaggio & family
Beverages, $4.7 billion
No. 367 nationally
Vultaggio and his family built their fortune in the beverage industry.
Daniel Sundheim
Hedge funds, $4.5 billion
No. 380 nationally
Sundheim built his fortune through hedge fund investing.
Daniel Loeb
Hedge funds, $4.4 billion
No. 396 nationally
Loeb built his fortune through hedge fund investing.
Even with the list threshold rising to a record $4.4 billion — up from $3.8 billion in 2025 — strong financial growth allowed 34 newcomers to join it. Notably, a record 590 U.S. billionaires were "too poor to make the cut," Forbes said.
Many of the 34 newcomers made their fortunes in artificial intelligence, including Cognition AI cofounder Steven Hao, six Anthropic cofounders and OpenAI cofounder Greg Brockman.
The AI sector has come under intense scrutiny in Congress this week as high-profile tech leaders push for federal safety regulations and a reduced pace of innovation. These warnings follow mounting concerns about existential risks posed by advanced AI systems, echoed in an essay by Anthropic CEO Dario Amodei and supported by xAI's Musk and OpenAI's Sam Altman.
The list includes 62 women, including 13 who are self-made. Alice Walton remains the richest American woman, while ABC Supply cofounder Diane Hendricks is the richest self-made woman.
Ten listees are younger than 40, up from four in 2025. The oldest is 97-year-old timber billionaire Archie Aldis Emmerson, and the average age is 70.
The top 10 billionaires are
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