Forbes Talks

Follow Steve Forbes: What's Ahead Steve Forbes celebrates the 250th anniversary of Adam Smith’s “The Wealth of Nations” and encourages today’s leaders to heed its timeless principles of prosperity, low taxes, free trade, stable money anchored by gold. Learn more about your ad choices. Visit megaphone.fm/adchoices

Follow Forbes Talks Who are the top 10 richest people in the world? 1. Elon Musk 2. Larry Page 3. Jeff Bezos (up from No. 4) 4. Sergey Brin (down from No. 3) 5. Mark Zuckerberg 6. Larry Ellison 7. Jensen Huang (up from No. 8) 8. Michael Dell (up from No. 13) 9. Rob Walton (up from No. 11) 10. Bernard Arnault (down from No. 7) March wasn’t the best month to be a billionaire, as both the S&P 500 and Nasdaq sank by nearly 5% amid the Iran war. Nine of the world’s ten richest people enter April poorer than they were at the beginning of March. As a group, their fortunes fell by more than $100 billion combined to a total of $2.5 trillion, as of April 1 at 12 a.m. Eastern time. Even more notable is the shake up at the top, as only four members of last month’s top 10 held onto their same ranks including the world’s richest person Elon Musk and no. 2 Sergey Brin. Despite their ranks holding steady, Musk and Page were two of five top 10 members who lost at least $20 billion in the past month. Musk’s fortune fell by $22 billion to $817 billion. He’s still more than three times as rich as his runner-up, Page, whose fortune sank by $20 billion to $237 billion. The biggest loser was Frenchman Bernard Arnault of luxury goods conglomerate LVMH, who dropped from No. 7 to No. 10, as his fortune sank by $28 billion, to $142.5 billion. Another big loser was Spanish fast fashion mogul Amancio Ortega, who tumbled from No. 10 to No. 14, as his fortune plunged by $20 billion, to $128 billion. Warren Buffett also fell out of the top 10, sliding from No. 9 to No. 11, as his net worth fell by $7 billion to $142 billion. Walmart heir Rob Walton lost $3 billion but nevertheless jumped into the top 10 for the first time in at least three years. The other new face in this month’s top 10 (and the only gainer) was PC mogul Michael Dell, who climbed from No. 13 to No. 8, as his fortune inched upward by $2 billion to $143.1 billion. Jeff Bezos also moved up, to No. 3 for the first time since October, as his fortune dipped by a relatively modest $1 billion to $223 billion. He swapped places with Google cofounder Sergey Brin, who dropped to No. 4 for the first time since January, as his net worth fell by $18 billion to $219 billion. Forbes has been tracking the world’s billionaires since 1987. In March 2026, we found 3,428 of them for our annual list. Below are the 10 richest people on earth as of April 1, 2026 at 12 a.m. Eastern time, according to Forbes. Stock prices fluctuate routinely, so these net worths typically change on a daily basis. Forbes tracks the daily changes on our Real Time list of billionaires. Read the full story on Forbes: https://www.forbes.com/sites/forbeswealthteam/article/the-top-ten-richest-people-in-the-world/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Follow Forbes Talks Tesla on Thursday reported quarterly vehicle deliveries that fell below Wall Street’s expectations, the latest sign of a disrupted electric vehicle market as Elon Musk’s automaker shifts its focus toward robotaxis and humanoid robots. Key Facts Tesla said Thursday it delivered just over 358,000 vehicles in the first quarter, below the automaker’s compiled consensus of 365,645 and consensus analyst projections of 381,000, according to FactSet. That marks a 14.3% decline from the December quarter (418,227), but a 6.2% year-over-year growth from Q1 2025 (337,000), when Tesla reported its fewest quarterly vehicle deliveries since 2022. Model 3 and Y vehicles accounted for nearly 342,000 of Tesla’s quarterly deliveries, down nearly 19% from the previous quarter (406,585). Shares of Tesla declined 3.4% shortly after trading opened on Thursday. What To Watch For Tesla will report Q1 earnings after market close on April 22, the company said. The automaker is expected to report quarterly revenue of $22.9 billion and $0.41 earnings per share, representing what would be annual growth of 18.6% and nearly 52%, respectively. Key Background Tesla’s vehicle delivery reports are often cited as insight into the automaker’s sales ahead of its earnings reports. The latest quarterly slide in deliveries follows a broader decline in electric vehicle demand: EVs represented roughly 12% of the U.S. market in September, an all-time high, but that dropped to 6% by January, according to Cox Automotive. Tesla remains the market leader in the U.S., however, even as it faces growing competition from Chinese automaker BYD, which surpassed Tesla as the world’s largest EV maker. Musk said in January the company would end production of its flagship Model S and Model X cars, announcing Tesla would use its production line in Fremont, California, to manufacture the company’s Optimus humanoid robots. Earlier this week, Musk said orders for the S and X vehicles had “come to an end.” Forbes Valuation Musk is by far the world’s richest person, with an estimated net worth of $823.8 billion as of Thursday. He’s expected to soon become the world’s first trillionaire, after his SpaceX filed confidentially for an IPO on Wednesday, leading the way for what will likely be the largest-ever market debut. Musk, who owns about 43% of SpaceX, would become the first person to be chief executive of two companies valued at $1 trillion after the aerospace firm’s listing. Read the full story on Forbes: By Ty Roush https://www.forbes.com/sites/tylerroush/2026/04/02/tesla-misses-vehicle-delivery-estimates-as-ev-market-struggles/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Follow Forbes Talks Jane Goodall, renowned humanitarian and conservationist, would have turned 92 years old on April 3. She passed away in October 2025, but in honor of her legacy, the environmental nonprofit she founded, the Jane Goodall Institute, has made April 3 "Jane Goodall Day." JGI executive director Anna Rathmann joined ForbesWomen editor Maggie McGrath to share the goals of Jane Goodall Day and what she wants everyone to know about Jane's legacy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Follow Forbes Talks Topline Elon Musk may soon become the first person to have a net worth exceeding $1 trillion, as SpaceX’s anticipated stock market debut is on the way after the aerospace firm filed for an IPO on Wednesday. Key Facts SpaceX submitted confidential IPO registration to the Securities and Exchange Commission, according to multiple reports, meaning the documentation is only available to regulators. Additional information about SpaceX’s IPO, including the number of shares to be sold and a price range, will be disclosed in a later filing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley are leading the offering, the Wall Street Journal reported, citing people familiar with the matter. With an expected listing in June, the public offering is estimated to value SpaceX at $1.75 trillion and raise $75 billion, which would more than double Saudi Aramco’s $29 billion debut in 2019 as the largest-ever IPO. SpaceX acquired Musk’s artificial intelligence startup xAI in February, consolidating two of his companies in a deal that valued the combined entity at an estimated $1.25 trillion. SpaceX did not immediately respond to a request for comment from Forbes. Surprising FactOnce SpaceX's listing debuts, Musk will likely become the first person to be chief executive of two companies valued at $1 trillion. His Tesla has a market valuation of $1.4 trillion as of Wednesday. Read the full story on Forbes: Ty Roush https://www.forbes.com/sites/tylerroush/2026/04/01/musk-closer-to-trillionaire-status-spacex-reportedly-files-for-ipo/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Follow Forbes Talks Elon Musk may soon become the first person to have a net worth exceeding $1 trillion, as SpaceX’s anticipated stock market debut is on the way after the aerospace firm filed for an IPO on Wednesday. Key Facts SpaceX submitted confidential IPO registration to the Securities and Exchange Commission, according to multiple reports, meaning the documentation is only available to regulators. Additional information about SpaceX’s IPO, including the number of shares to be sold and a price range, will be disclosed in a later filing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley are leading the offering, the Wall Street Journal reported, citing people familiar with the matter. With an expected listing in June, the public offering is estimated to value SpaceX at $1.75 trillion and raise $75 billion, which would more than double Saudi Aramco’s $29 billion debut in 2019 as the largest-ever IPO. SpaceX acquired Musk’s artificial intelligence startup xAI in February, consolidating two of his companies in a deal that valued the combined entity at an estimated $1.25 trillion. SpaceX did not immediately respond to a request for comment from Forbes. Surprising Fact Once SpaceX's listing debuts, Musk will likely become the first person to be chief executive of two companies valued at $1 trillion. His Tesla has a market valuation of $1.4 trillion as of Wednesday. Forbes Valuation Musk is the wealthiest person in the world with an estimated net worth of $824.3 billion as of Wednesday. He became the first person to be worth $400 billion in 2024, and his fortune crossed the $500 billion, $600 billion, $700 billion, and $800 billion thresholds in 2025 and 2026, respectively. Musk holds an estimated 43% stake in SpaceX, which would all but guarantee his net worth rising above $1 trillion. Even before SpaceX’s IPO, Tesla shareholders approved a compensation package for Musk in November that could be worth close to $1 trillion, but requires the automaker to achieve several goals over the next decade. Read the full story on Forbes: ByTy Roush https://www.forbes.com/sites/tylerroush/2026/04/01/musk-closer-to-trillionaire-status-spacex-reportedly-files-for-ipo/ Learn more about your ad choices. Visit megaphone.fm/adchoices