The U.S. Now Has More Billionaires Than China. Musk Is Still Tops. - Barron's
1. U.S. billionaires increased to 870; first time surpassing China in 10 years. 2. Elon Musk's wealth peaked at $420 billion, now down to $336 billion. 3. Tesla benefits from Trump's 25% tariff on foreign-made cars. 4. Overall wealth of billionaires rose 13% to nearly $17 trillion. 5. Luxury markets struggle in China, impacting billionaire losses.