1. Bill Gates

Billionaire Bill Gates in London, UK, on 15/2. Photo: Reuters

Total net worth: 118 billion USD

Decrease: 40,9 billion USD

Bill Gates co-founded Microsoft, the world's largest software company, which recorded 245 billion USD in revenue last year. Despite this, he currently holds only about one percent stake in the company. Cascade Investment, his investment fund, manages most of his wealth. This fund holds stakes in dozens of companies, ranging from Canadian National Railway to Deere and Ecolab.

Gates' wealth has gradually declined over the past few years. This year also marks the first time in 34 years that he has fallen out of the top 10 wealthiest Americans. In May, he announced his plan to give away 99% of his fortune over the next two decades, donating billions of USD annually. Forbes estimates that Gates donated 7 billion USD during the 9/2024-9/2025 period.

2. Dustin Moskovitz

Meta Platforms co-founder Dustin Moskovitz. Photo: Money Inc

Total net worth: 12,2 billion USD

Decrease: 16,1 billion USD

Dustin Moskovitz co-founded Meta Platforms, the parent company of Facebook. He also co-founded Asana, a task management software provider that listed in 2020. This year, Asana's stock dropped 30% following news of Moskovitz's departure, senior executives selling significant shares, and investor expectations for business results not being met. These factors caused Moskovitz's wealth to plummet.

3. Manuel Villar

Manuel Villar was once the richest person in the Philippines. Photo: Philstar

Total net worth: 9,96 billion USD

Decrease: 12,6 billion USD

Manuel Villar is the founder of Golden MV Holdings, a company operating in real estate and funeral services in the Philippines. He also founded Vista Land & Lifescapes, the country's largest home construction company, and holds stakes in the mall operating company Vistamalls, home improvement retail chain AllHome, and supermarket chain AllDay Marts.

This year, the wealth of the former richest Filipino significantly decreased as Golden MV shares lost over 50%. Golden was investigated after a land transfer deal between two subsidiaries, which subsequently led the group to reduce the value of the land lot by 99% in its books.

4. Low Tuck Kwong

Bayan Resources founder Low Tuck Kwong. Photo: Channeliam

Total net worth: 21,8 billion USD

Decrease: 6 billion USD

Low Tuck Kwong founded Bayan Resources, a coal mining and port operating company in Indonesia. This company sold approximately 56,9 million tons of coal, recording 54,700 trillion rupiah (3,4 billion USD) in revenue in 2024. Low is also the largest shareholder of Metis Energy, a Singapore-based renewable energy company. His wealth decreased by 30% this year, primarily due to Bayan's stock losing 24% since the beginning of the year.

5. Jeffery Hildebrand

Hilcorp Energy founder Jeffery Hildebrand. Photo: Hilcorp Energy

Total net worth: 12,9 billion USD

Decrease: 5,5 billion USD

Jeffery Hildebrand is the founder and Director of Hilcorp Energy, a private oil and gas company operating in nine US states. Last year, the company produced 367,300 barrels of oil per day. Hilcorp Energy is currently Alaska's largest gas producer. The company's business was affected by low oil prices this year, which partly reduced Hildebrand's wealth.

6. Phil Knight

Phil Knight at a conference in Idaho, US. Photo: Reuters

Total net worth: 29,3 billion USD

Decrease: 5 billion USD

Phil Knight is the founder and largest shareholder of Nike, the world's largest footwear and apparel company. For the 12 months ending 31/5, the company reported 46,3 billion USD in revenue. Other Nike brands include Converse and Jordan.

Knight currently owns 21% of Nike's shares. His wealth was impacted as the stock declined nearly 19% this year, due to investor concerns about weak business prospects, slower sales in China, and reduced profit margins. This was also one of the worst-performing stocks on the DJIA index this year.

7. Mikhail Fridman

Mikhail Fridman at a forum in Moscow in 2017. Photo: Reuters

Total net worth: 10,1 billion USD

Decrease: 4,7 billion USD

Mikhail Fridman is the largest shareholder of Alfa Group, an investment company that holds stakes in Russian food retailer X5 and wastewater treatment company Rosvodokanal. Through LetterOne, a Luxembourg-based company, the Russian billionaire also owns stakes in UK oil and gas company Harbour Energy and telecom operator Veon.

Over the past few years, Fridman's wealth has been affected by Western sanctions following the Russia-Ukraine conflict. Alfa Bank, which he founded, was sanctioned. The British government also froze his properties in London, UK.