India, June 12 -- The world's richest people became even richer in May because the US stock market rose strongly. The S&P 500 went up by about 5%, which increased overall investor wealth, Forbes reported. The Nasdaq Composite also rose by around 8%, which pushed billionaire fortunes even higher. Because of this market rally, the top 10 richest people in the world now hold a combined wealth of approximately $2.9 trillion as of June 2026. Adding to this surge, the SpaceX IPO created even more excitement in the market and gave billionaire wealth an additional boost. Below is the top 10 richest people list, by Forbes.

Elon Musk reportedly became the world's first trillionaire on June 12 when SpaceX went public. SpaceX opened its first day of...