The head of the big technology company, Elon Musk, is no longer the richest person according to the Bloomberg Billionaires Index. His wealth decreased because the value of his shares in Tesla Inc. went down. Now, he has a total net worth of $197.7 billion.
Amazon chief Jeff Bezos now grabbed the top spot, with a staggering net worth of $200 billion compared to Elong Musk’s $198 billion.
This year, Jeff Bezos gained $23 billion in profits, while the Twitter CEO experienced a loss of around $31 billion.
In comparison between the two leading global giants, the stock price of E-commerce company Amazon moved up by over 18pc this year, whereas Tesla’s saw a plunge of 24 percent. Despite selling $8.5 billion worth of Amazon shares in recent times, Jeff Bezos remains the largest shareholder with a 9.56 percent stake.
Meanwhile, Elon Musk owns about 20 percent of Tesla’s stocks. He also owns a popular social platform called X and SpaceX. He became the richest person in May this year, surpassing Bernard Arnault, the owner of LVMH, who is now in third place on the prestigious list.
Elon Musk’s Investments
Company | Value |
Tesla | $587 billion |
SpaceX | $180 billion |
The Boring Company | Over $7 billion |
Neuralink | $3.5 billion |
PayPal | $68 billion |
World 10 richest people
Top Billionaires |
Bernard Arnault & family |
Elon Musk |
Jeff Bezos |
Mark Zuckerberg |
Larry Ellison |
Warren Buffett |
Bill Gates |
Steve Ballmer |
Mukesh Ambani |
Larry Page |