Elon Musk's net worth surges to $1.27 trillion after SpaceX's IPO valuation exceeds $2 trillion, making him the world's first trillionaire. LVMH CEO Bernard Arnault comments on the distinction between company valuation and personal spendable wealth, acknowledging Musk's dominance in the rocket industry.
Germany ranks third globally with 1.78 million millionaires, a 11.1% increase last year, according to a Capgemini study. The US added the most millionaires, driven by AI enthusiasm, while European wealth grew 6.5%. Catholic states observe Fronleichnam holiday.
Several German states are observing Fronleichnam/Corpus Christi, a major Catholic holiday. Meanwhile, a new study reveals a record 25.3 million millionaires globally in 2025, with Germany ranking third.
Bitcoin and Ethereum are expected to maintain their leading trading volumes on CIS exchanges, according to Alexey Korolenko of Cifra Markets. He anticipates these major cryptocurrencies will be the first admitted to trading following the introduction of regulation.
Kevin O'Leary has strongly criticized California's proposed wealth tax, deeming it 'un-American' and 'unconstitutional.' He predicts years of litigation due to the difficulty of valuing illiquid assets and argues the tax will accelerate the exodus of businesses and billionaires from the state.
With $114 trillion in custodied liquid assets, Depository Trust & Clearing Corporation looks to position tokenization as future of existing financial system.
