Fortune, citing Altrata, reports 3,795 billionaires in 2025, a record. Aggregate
billionaire wealth rose 12.8% YoY to $15.1 trillion, about one-quarter of the
S&P 500’s market capitalization. Twenty-nine individuals hold more than $50
billion, including Larry Page, Elon Musk and Jeff Bezos. Altrata identifies AI
investment as the primary driver of wealth gains, with many tech fortunes
swelling as companies expand AI businesses. 201 billionaires own sports teams or
franchises; philanthropy remains a common channel for wealth deployment.
