Elon Musk’s net worth has dropped by $30 billion this year, landing just below $200 billion, as Tesla’s stock plummeted 26% due to weakening growth.
Jeff Bezos is now only $15 billion behind Musk, posing a threat to Musk’s title as the world’s richest person.
Musk’s fortune, currently at $199 billion, is just $15 billion ahead of Jeff Bezos, with concerns about LVMH chief Bernard Arnault at $183 billion.
Musk’s stake in Tesla, which has fallen 56% this year, contributes to this decline, as does a cautious outlook, falling short of Wall Street’s forecasts, and Musk’s pursuit of more control over the company.
Despite Tesla’s challenging year, it’s essential to note that Musk remains one of the significant wealth gainers in recent years, with Tesla stock still up over 500% since the start of 2020.
Meanwhile, Amazon, led by Jeff Bezos, has seen a 6% increase this year and a 58% rise over the past 12 months, making it nearly three times Tesla’s value at $1.64 trillion.
