Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai, and Elon Musk attend the inauguration of Donald J. Trump in the US Capitol Rotunda on January 20, 2025 in Washington, DC.
The First Year of Trump's Second Term Was Terrific—for US Billionaires
Over 2025, the combined wealth of all US billionaires climbed to $8.1 trillion, a 21% increase over 2025, up from $6.7 trillion exactly a year ago.
The first year of the Trump administration was a very happy new year for the US billionaire class. The richest 15 billionaires, all with assets more than $100 billion, saw their combined wealth surge 33%, from $2.4 trillion to $3.2 trillion. This is double the growth of the S&P 500 over 2025, which was 16.4%.
Over 2025, the combined wealth of all US billionaires climbed to $8.1 trillion, a 21% increase over 2025, up from $6.7 trillion exactly a year ago.
Based on an Institute for Policy Studies analysis of data from the Forbes real time billionaire list from 2025, there are 935 billionaires in the United States with combined wealth totaling $8.1 trillion at the close of 2025 markets. This is an increase from 813 US billionaires at end close of 2024 markets, with combined wealth of $6.7 trillion.
The richest three American wealth dynasties—the Waltons, Mars, and Koch families—saw their wealth accelerate from $657.8 billion to $757 billion in one year.
Many top billionaires have seen their wealth surge during and after the Covid-19 pandemic at the beginning of 2020.
[Note: Bloomberg reported global billionaire wealth increased $2.2 trillion over 2025, in an analysis released several days before the market closed at 4:00 p.m. on December 31, 2025. The market fluctuated considerably in the final days of 2025.]
The top five current billionaires and their individual wealth on January 1, 2026, compared to January 1, 2025:
- Elon Musk of Tesla/X and SpaceX with $726 billion, up from $421 trillion a year ago.
- Larry Page of Google, with $257 billion, up from $156 billion a year ago.
- Larry Ellison of Oracle fame with $245.billion, up from $209 billion a year ago.
- Jeff Bezos of Amazon with $242.billion, up from $233.5 billion a year ago.
- Sergey Brin of Google with $237 billion, up from $148.9 billion a year ago.
The three wealthiest dynastic families in the US hold an estimated $757 billion, up from $657.8 billion at the end of 2024, a 16% gain. These are:
- Walton. Seven members of the Walton Family with combined wealth of $483 billion, up from $404.3 billion a year ago.
- Mars. Six members of Mars family with combined wealth of $120 billion, down from $130.4 billion a year ago.
- Koch. Two members of Koch family have a combined wealth of $154.8 billion, up from $121.1 billion a year ago.
Wealth Gains Since Beginning of Pandemic
Many top billionaires have seen their wealth surge during and after the Covid-19 pandemic at the beginning of 2020.
On March 18, 2020, Elon Musk had wealth valued just under $25 billion. Less than five years later, at the end of 2025, Musk’s wealth is $726 billion, a dizzying 2,800% increase from before the Covid-19 pandemic.
Jeff Bezos saw his wealth rise from $113 billion on March 18, 2020 to $242 billion at the end of 2025.
Three Walton family members—Jim, Alice, and Rob, saw their combined assets increase from $161.1 billion on March 18, 2020 to $378 billion at the end of 2025.
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
The first year of the Trump administration was a very happy new year for the US billionaire class. The richest 15 billionaires, all with assets more than $100 billion, saw their combined wealth surge 33%, from $2.4 trillion to $3.2 trillion. This is double the growth of the S&P 500 over 2025, which was 16.4%.
Over 2025, the combined wealth of all US billionaires climbed to $8.1 trillion, a 21% increase over 2025, up from $6.7 trillion exactly a year ago.
Based on an Institute for Policy Studies analysis of data from the Forbes real time billionaire list from 2025, there are 935 billionaires in the United States with combined wealth totaling $8.1 trillion at the close of 2025 markets. This is an increase from 813 US billionaires at end close of 2024 markets, with combined wealth of $6.7 trillion.
The richest three American wealth dynasties—the Waltons, Mars, and Koch families—saw their wealth accelerate from $657.8 billion to $757 billion in one year.
Many top billionaires have seen their wealth surge during and after the Covid-19 pandemic at the beginning of 2020.
[Note: Bloomberg reported global billionaire wealth increased $2.2 trillion over 2025, in an analysis released several days before the market closed at 4:00 p.m. on December 31, 2025. The market fluctuated considerably in the final days of 2025.]
The top five current billionaires and their individual wealth on January 1, 2026, compared to January 1, 2025:
- Elon Musk of Tesla/X and SpaceX with $726 billion, up from $421 trillion a year ago.
- Larry Page of Google, with $257 billion, up from $156 billion a year ago.
- Larry Ellison of Oracle fame with $245.billion, up from $209 billion a year ago.
- Jeff Bezos of Amazon with $242.billion, up from $233.5 billion a year ago.
- Sergey Brin of Google with $237 billion, up from $148.9 billion a year ago.
The three wealthiest dynastic families in the US hold an estimated $757 billion, up from $657.8 billion at the end of 2024, a 16% gain. These are:
- Walton. Seven members of the Walton Family with combined wealth of $483 billion, up from $404.3 billion a year ago.
- Mars. Six members of Mars family with combined wealth of $120 billion, down from $130.4 billion a year ago.
- Koch. Two members of Koch family have a combined wealth of $154.8 billion, up from $121.1 billion a year ago.
Wealth Gains Since Beginning of Pandemic
Many top billionaires have seen their wealth surge during and after the Covid-19 pandemic at the beginning of 2020.
On March 18, 2020, Elon Musk had wealth valued just under $25 billion. Less than five years later, at the end of 2025, Musk’s wealth is $726 billion, a dizzying 2,800% increase from before the Covid-19 pandemic.
Jeff Bezos saw his wealth rise from $113 billion on March 18, 2020 to $242 billion at the end of 2025.
Three Walton family members—Jim, Alice, and Rob, saw their combined assets increase from $161.1 billion on March 18, 2020 to $378 billion at the end of 2025.
- The Billionaires Destroying Our Media System and What To Do About It ›
- Pro-Trump Billionaires Want to Control What You Watch ›
- Americans Take to the Streets for 1,000+ 'Workers Over Billionaires' Labor Day Rallies ›
- Bernie Sanders Warns of US Government of, by, and for the 'Billionaire Class' ›
- 500 Richest People Gained Record $2.2 Trillion in 2025, Fueling Calls for Wealth Tax ›
- Global System 'Rigged for the Wealthy' Delivers World With 'More Billionaires Than Ever' ›
The first year of the Trump administration was a very happy new year for the US billionaire class. The richest 15 billionaires, all with assets more than $100 billion, saw their combined wealth surge 33%, from $2.4 trillion to $3.2 trillion. This is double the growth of the S&P 500 over 2025, which was 16.4%.
Over 2025, the combined wealth of all US billionaires climbed to $8.1 trillion, a 21% increase over 2025, up from $6.7 trillion exactly a year ago.
Based on an Institute for Policy Studies analysis of data from the Forbes real time billionaire list from 2025, there are 935 billionaires in the United States with combined wealth totaling $8.1 trillion at the close of 2025 markets. This is an increase from 813 US billionaires at end close of 2024 markets, with combined wealth of $6.7 trillion.
The richest three American wealth dynasties—the Waltons, Mars, and Koch families—saw their wealth accelerate from $657.8 billion to $757 billion in one year.
Many top billionaires have seen their wealth surge during and after the Covid-19 pandemic at the beginning of 2020.
[Note: Bloomberg reported global billionaire wealth increased $2.2 trillion over 2025, in an analysis released several days before the market closed at 4:00 p.m. on December 31, 2025. The market fluctuated considerably in the final days of 2025.]
The top five current billionaires and their individual wealth on January 1, 2026, compared to January 1, 2025:
- Elon Musk of Tesla/X and SpaceX with $726 billion, up from $421 trillion a year ago.
- Larry Page of Google, with $257 billion, up from $156 billion a year ago.
- Larry Ellison of Oracle fame with $245.billion, up from $209 billion a year ago.
- Jeff Bezos of Amazon with $242.billion, up from $233.5 billion a year ago.
- Sergey Brin of Google with $237 billion, up from $148.9 billion a year ago.
The three wealthiest dynastic families in the US hold an estimated $757 billion, up from $657.8 billion at the end of 2024, a 16% gain. These are:
- Walton. Seven members of the Walton Family with combined wealth of $483 billion, up from $404.3 billion a year ago.
- Mars. Six members of Mars family with combined wealth of $120 billion, down from $130.4 billion a year ago.
- Koch. Two members of Koch family have a combined wealth of $154.8 billion, up from $121.1 billion a year ago.
Wealth Gains Since Beginning of Pandemic
Many top billionaires have seen their wealth surge during and after the Covid-19 pandemic at the beginning of 2020.
On March 18, 2020, Elon Musk had wealth valued just under $25 billion. Less than five years later, at the end of 2025, Musk’s wealth is $726 billion, a dizzying 2,800% increase from before the Covid-19 pandemic.
Jeff Bezos saw his wealth rise from $113 billion on March 18, 2020 to $242 billion at the end of 2025.
Three Walton family members—Jim, Alice, and Rob, saw their combined assets increase from $161.1 billion on March 18, 2020 to $378 billion at the end of 2025.
- The Billionaires Destroying Our Media System and What To Do About It ›
- Pro-Trump Billionaires Want to Control What You Watch ›
- Americans Take to the Streets for 1,000+ 'Workers Over Billionaires' Labor Day Rallies ›
- Bernie Sanders Warns of US Government of, by, and for the 'Billionaire Class' ›
- 500 Richest People Gained Record $2.2 Trillion in 2025, Fueling Calls for Wealth Tax ›
- Global System 'Rigged for the Wealthy' Delivers World With 'More Billionaires Than Ever' ›