According to Bloomberg Billionaire Index data, his fortune, which stood at $299 billion on January 1, 2024, witnessed a sharp decline to $199 billion by the end of the market trade on January 26, 2024, a 13.3% decrease.
Amazon founder Jeff Bezos added more than $70 billion to his wallet this year and is now neck-and-neck with Arnault for second place, while Meta Founder and CEO Mark Zuckerberg's fortune increased by more than $80 billion. Elon Musk Reclaims Title of ‘World’s Richest Man’ From French Luxury Tycoon Bernard Arnault, Exceeding Net Worth by USD 50 Billion.
Here s why World s richest man Elon Musk sold USD 10 billion Tesla shares - Since November 8, Elon Musk sold shares worth USD 10.9 billion which equals 10.1 million shares. Yet his net worth stood at USD 283 billion on Friday.
Tesla CEO Elon Musk once again overtook Jeff Bezos to become the wealthiest person on the planet.
According to the Bloomberg Billionaires Index, Musk s wealth rose to $199.9 billion after his rocket company completed the latest funding round. Musk s space startup, SpaceX, raised $850 million in fresh funding this month from a group of investors led by Sequoia Capital. The rocket company is valued at $74 billion after the round, which is a 60 per cent jump from August.
For the second time in 2021, the Tesla chief has dominated the billionaire index.
The race to be number 1
Amazon.com Inc CEO Jeff Bezos had overtook Musk earlier this week with $194.2 billion to become the richest man.