Why 2025 was the best year in history for the ultra-wealthy

The year 2025 has marked an extraordinary pinnacle in global wealth accumulation, with billionaires experiencing unprecedented financial growth driven by technological innovation and strategic market movements. According to Forbes, this historic surge has been propelled by skyrocketing AI valuations, landmark public offerings, and the continued dominance of tech magnates like Elon Musk.

A remarkable trend emerged in youth entrepreneurship as prediction markets platform Polymarket achieved a $9 billion valuation, temporarily granting 27-year-old founder Shane Kaplan the title of world’s youngest self-made billionaire. This record was swiftly surpassed weeks later when AI enterprise Mercor secured funding at a $10 billion valuation, elevating its three 22-year-old co-founders to become the youngest billionaires in history, overtaking Mark Zuckerberg’s previous milestone.

The competition extended to female billionaires as Taylor Swift’s reign as youngest self-made female billionaire since 2023 ended when 30-year-old Scale AI co-founder Lucy Guo claimed the title in April. Shortly thereafter, 29-year-old former Brazilian ballerina Luana Lopes Lara achieved billionaire status following her startup Kalshi’s $11 billion valuation.

Throughout 2025, wealth creation occurred at an astonishing pace of approximately one new billionaire daily, totaling over 340 newcomers from diverse regions including the United States, China, India, Russia, and unexpectedly from smaller nations like Saint Kitts and Nevis and Albania. The global billionaire count now stands at 3,148 individuals—a 50% increase from five years prior—with collective wealth reaching $18.7 trillion, representing a $10 trillion growth since 2020. The average billionaire net worth climbed to $5.9 billion.

This concentration of wealth has translated into significant political influence. In the United States, 135 billionaires contributed substantially to the 2024 presidential election, funded inauguration ceremonies, and participated in White House renovation projects. Several have assumed governmental roles, constituting the wealthiest administration in American history. Notable appointments include Jared Isaacman leading NASA and Czech agricultural entrepreneur Andrej Babiš becoming prime minister, signaling a new era of billionaire governance.

Elon Musk demonstrated the most dramatic wealth expansion, commencing the year with $421 billion and successively breaking the $500, $600, and $700 billion barriers by December. His fortune grew by $333 billion through Tesla and SpaceX valuations—exceeding the total net worth of Larry Page, the world’s second-richest person. Similarly, Oracle co-founder Larry Ellison achieved the largest single-day wealth gain in recorded history on September 10 when Oracle shares surged 36%, adding nearly $100 billion to his net worth within 24 hours.

The artificial intelligence sector proved particularly fertile for billionaire creation. Founders of large language model companies, including DeepSeek, Anthropic, and CoreWeave, joined the billionaire ranks alongside entrepreneurs providing AI infrastructure such as data centers, GPUs, cloud services, and specialized tools. Wealth generation extended beyond AI to cryptocurrency firm Circle, design platform Figma, ballistic protection manufacturers, satellite technology companies, and AI-driven gaming enterprises.

Total new billionaire wealth reached $876 billion within twelve months, with approximately 40% originating from American entrepreneurs. However, this wealth wave spanned 32 countries, including Albania where Samir Mane became the nation’s first billionaire. Two-thirds of new billionaires are self-made, featuring eleven under age 30—a global record—while the remainder inherited fortunes, including heirs to Jim Irsay, Giorgio Armani, and the Medline family.

Most notably, billionaire wealth has demonstrated remarkable resilience. Eighty-five percent of billionaires maintained their status from the year’s beginning, with four-fifths entering 2026 with net worth equal to or exceeding their 2025 valuations, confirming that the era of extreme wealth concentration is not merely continuing but accelerating.