List Of Rich People 2024: Elon Musk’s Wealth Decreased By 40 Billion Dollars 

List Of Rich people
List Of Rich people

Tesla founder Elon Musk’s wealth has declined by $40 billion in the first two and a half months of 2024 and he dropped from the list of rich people. He has also slipped to third place in the list of richest people. The wealth of no other billionaire among the top 10 has decreased so rapidly. What is the reason for Musk’s net worth decreasing? Where are Adani and Ambani on this list? Let us know.

American billionaire businessman Elon Musk is often in the news due to his statements on social media. But, this time, he is in the headlines due to a downfall in his business.

There has been a huge decline of 40 billion dollars in his wealth in the first two and a half months of this year, i.e., 2024. If we look at the list of top 10 rich people, no one else’s wealth decreased so fast during this period.

This is the reason why Musk, who once held the crown of the world’s richest person, is today at number three on this list. According to the Bloomberg Billionaire Index, Musk’s net worth on Saturday was $ 189 billion.

Who Is Now On Top In The List Of Rich People?

Currently, Bernard Arnault, founder of French luxury fashion company Louis Vuitton, is the richest person in the world. His net worth is 201 billion dollars. At the same time, Jeff Bezos, founder of the e-commerce company Amazon, is in second place on this list, with a net worth of $ 198 billion.

Elon Musk

Earlier this week, Bezos had overtaken Musk to become the richest man, but now Arnault has gone ahead of him.

Why Did Musk Slip In The List Of Rich People?

The basis of Musk’s wealth is Tesla, the world’s largest electronic car maker. Musk’s stake in this is 21 percent. But Tesla shares have been continuously falling for some time. So far this year, the net value of the company has declined by 29 percent.

China is a big market for Tesla. But, this week the company said that its China sales figures were quite disappointing. At the same time, Tesla’s factory in Germany was also vandalized, after which production was stopped. Recently, Musk also got a setback from the court, which canceled his pay package of $ 55 billion.

All this broke the confidence of investors, and there was a huge decline in the company’s shares. It is currently down by about 50 percent from its top level of 2021.

But, unlike Musk, the owner of the social media platform, He is currently in fourth place after Musk in the list of rich people with a net worth of $182 billion.

Adani Ambani’s Wealth Also Increased

Talking about India, the names of Adani Group founder Gautam Adani and Reliance Industries Chairman Mukesh Ambani are also on the list of this year’s top gainers. Adani has increased its investment to $19.2 billion in 2024. During this period, Ambani’s wealth has increased by 18.2 billion dollars.

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