Trump, stock markets and cryptocurrencies. Here are the biggest winners and losers of 2025.
The record profits of the richest were additionally strengthened by Donald Trump's victory in the presidential elections at the end of 2024. Only in April, on the wave of concerns about new tariffs, the markets experienced the largest one-day decline in billionaires' wealth since the pandemic.
The biggest increases were recorded by technology companies, driven by euphoria around artificial intelligence. According to Bloomberg data, as much as a quarter of this year's profits went to eight people, including: Larry Ellison (Oracle), Elon Musk (Tesla), Larry Page (Alphabet) and Jeff Bezos (Amazon). However, this is a smaller share than a year earlier, when the same group was responsible for 43%. wealth growth.
Larry Ellison and Elon Musk lead the pack
At the beginning of the year, Elon Musk remained the leader of the ranking. For the first time, he became actively involved in politics, donating almost $300 million. for Trump's re-election campaign and spending the first half of 2025 in Washington, D.C., where he oversaw cuts in government spending.
Ultimately, however, it was Larry Ellison who became the biggest winner of the year. The dynamic growth of Oracle's share price – driven by investments in AI infrastructure – allowed him to briefly overtake Musk and become the world's richest man in September. Despite the subsequent decline in the value of Oracle's shares by 40%. , Ellison ended the year making headlines including: thanks to his involvement in the attempted takeover of Warner Bros. Discovery by Paramount Skydance Corp., led by his son David.
Profits not only in the USA
The fortunes of billionaires were growing not only in the United States. The S&P 500 index gained 17% in 2025. , but even better results were recorded by the British FTSE 100 (22%) and Hong Kong's Hang Seng (29%). Other assets also gained in value: precious metals experienced their best year in decades, and investors such as Gina Rinehart and the Luksic family from Chile increased their fortunes thanks to the rise in prices of copper and rare earth metals.
Cryptocurrencies, despite historical peaks after Trump's victory and favorable decisions of the new administration, ended the year in decline. The sharp decline in prices since October erased earlier gains, which hit the fortunes of billionaires such as the Winklevoss brothers, Changpeng Zhao and Michael Saylor.
The biggest winners of 2025
Larry Ellison Larry Ellison
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Anna Moneymaker/Getty Images/Getty Images
Net worth: $249.8 billion
Growth: $57.7 billion.
The co-founder of Oracle, at the age of 81, leads the company's expansion in the AI sector and is involved in the largest transactions in the media market. He recorded a record increase in wealth after the publication of Oracle's quarterly results. It is also investing in the acquisition of Warner Bros. Discovery by his son's company.
Elon Musk Elon Musk
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Frederic Legrand – COMEO / Shutterstock
Net worth: $622.7 billion.
Growth: $190.3 billion.
The largest donor to the Trump campaign, he was involved in government reforms for most of the year. His fortune rebounded after he returned to business, and SpaceX became the most valuable private company in the world. Tesla's new compensation package could make him the first trillionaire.
Gina Rinehart Gina Rinehart
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Quinn Rooney/Getty Images/Getty Images
Net worth: $37.7 billion.
Growth: $12.6 billion.
An Australian mining billionaire has increased control over key rare earth deposits outside China and has benefited from growing geopolitical rivalries. He also actively invests in Trump-linked media companies.
Donald Trump and family Donald Trump with children
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Harrison Ha / Shutterstock
Net worth: $6.8 billion | Growth: $282 million
The Trump family has significantly increased its wealth thanks to investments in cryptocurrencies, media platforms and favorable court decisions. Shares in Trump Media gained in value after the announcement of the merger with TAE Technologies.
The biggest losers of 2025
Manuel Villar Manny Villar
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Louie D.Photography / Flickr
Net worth: $10 billion.
Loss: $12.6 billion.
The Filipino billionaire lost over $18 billion. after a sharp decline in the shares of the developer company Golden MV Holdings and the sale of shares in PrimeWater.
Bob Pender and Mike Sabel Bob Pender, co-chairman and co-founder of Venture Global LNG (left), and Mike Sabel, co-founder and president of Venture Global LNG (center)
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Michael M. Santiago/Getty Images/Getty Images
Net worth: $7 billion each
Loss: $17.7 billion each
Co-founders of Venture Global Inc. recorded huge losses after a failed stock exchange debut and disappointing quarterly results.
Michael Saylor Michael J. Saylor
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Tasos Katopodis/Getty Images for Eightco Holdings/Getty Images
Net worth: $3.8 billion.
Loss: $2.6 billion.
Head of Strategy Inc. first gained from the cryptocurrency boom, and then lost billions as a result of the sharp decline in the Bitcoin price.
Wang Xing Wang Xing, chairman, CEO and co-founder of Meituan Dianping
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VCG/VCG via Getty Images / Getty Images
Net worth: $7.9 billion.
Loss: $3.5 billion.
The co-founder of Meituan saw his fortune decline by 31%. after the company's first quarterly loss in three years and a decline in demand on the Chinese market.
