For the 40th year Forbes magazine has ranked the wealthiest people on Earth for its annual World’s Billionaires List.
This year there are a record 3,428 billionaires making the grade with a combined net worth of $20.1 trillion - that’s up $4 trillion from last year and is the largest concentration of wealth ever recorded.
Once again Elon Musk tops the list by a considerable distance, with 20 people now worth more than $100 billion (up from just 15 last year).
There are 390 newcomers, including Beyoncé Knowles-Carter, Dr. Dre and Roger Federer.
Meanwhile American President Donald Trump’s net worth rose 27 per cent to $6.5 billion, making him the 645th richest person in the world.
Here are the top 20 richest billionaires according to the list.
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9. Warren Buffett - $149 billion
95-year-old Warren Buffett is the co-founder, chairman and CEO of Berkshire Hathaway and has become one of the best-known investors in the world. As a result of his success backing the right companies at the right time he's worth an estimated $149 billion - a slight increase on his $143.4 billion worth at the beginning of 2025. | Getty Images
10. Amancio Ortega - $148 billion
A less well-known billionaire, Amancio Ortega is a Spanish businessman who specialises in so-called fast fashion. He founded the fashion group, which includes chainstore Zara. He has a fortune of around $148 billion at the moment. | AFP via Getty Images
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11. Rob Walton and family - $146 billion
Heir to the Walmart empire, Rob Walton is the eldest son of the founder of the world's largest retail chain, Sam Walton, and served as company chairman from 1992 to 2015. The owner of the Denver Broncos is worth an estimated $146 billion. | Getty Images
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12. Jim Walton and family - $143 billion
Coming just behind his big brother is fellow Walmart heir Jim Walton and his fortune of around $143 billion. | Getty Images