Tech giant and X CEO Elon Musk slipped to number 2 in the Bloomberg Billionaires Index as his shares in Tesla Inc. tumbled. The businessman now holds a 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.
In the ongoing year, Jeff Bezos saw an uptick of $23 billion in profits and contrariwise, the Twitter chief jolted with loss of about $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.
On the other hand, Elon Musk holds an equity stake in Tesla of approximately 20 percent. The internet sensation also owns leading social platform X and SpaceX. He made it to the top spot in May this year, taking over LVMH owner Bernard Arnault, who now stands at third place on coveted 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 |
