Winning Bizness Desk
Mumbai. The shares of Tesla, the luxury electric car company owned by Elon Musk and the richest person in the world, have fallen by 10 percent, resulting in Musk's wealth falling significantly. Due to the fall of share, the wealth of Elon Musk, has decreased by 20.3 billion dollars in one day. The gap between Elon Musk and Arnault's net worth has narrowed considerably after the decline in wealth. This has directly affected the net worth of company owner Elon Musk and according to the Bloomberg Billionaires Index, this is the seventh largest decline ever. On July 20, Tesla shares fell nearly 10 percent, or US$28.36, to close at US$262.90. Shares of Elon Musk's company Tesla saw a big drop on Thursday. The effect of this is seen on Elon Musk's net worth. The wealth gap between Elon Musk, the world's richest man, and Bernard Arnault, the world's second-richest man, has narrowed further. Musk's net worth is about $33 billion more than Arnault's after Tesla's shares plunged. Bernard Arnault of France is the CEO of luxury goods company, LVMH Moët Hennessy.
Musk is still the richest person
Elon Musk's net worth has now dropped by $20.3 billion to $234.4 billion, however, Elon Musk is still the richest person in the world. Other billionaires on Bloomberg's list of the richest billionaires, including Musk, have also seen their wealth decline. It also includes the names of several billionaires such as Amazon's Jeff Bezos, Larry Ellison and Mark Zuckerberg. According to the Bloomberg Billionaires Index, the net worth of Amazon's Jeff Bezos, Oracle's Larry Ellison, Microsoft's former CEO Steve Ballmer, Meta Platform's Mark Zuckerberg, Alphabet co-founder Larry Page and Sergey Brin fell by $20.8 billion, or about 02.03 percent.
