Musk's role as head of the "Department of Government Efficiency" seems to have dealt a greater blow to his wealth than expected. According to the Bloomberg Billionaires Index, Musk's wealth has shrunk by more than $75 billion this year, with his net worth dropping to about $357 billion, far below the peak of over $450 billion by the end of 2024. The decline is mainly due to the performance of his 13% stake in TSL. The stock price of TSL has fallen nearly 20% this year. Musk's lead as the world's richest person has been eroded by rivals: Oracle founder Larry Ellison and Meta CEO Zuckerberg are closing in. Currently, the gap between Musk and Ellison's net worth is only about $54 billion. Oracle has experienced explosive growth thanks to its AI strategy and cloud computing business, with its stock price rising over 50% this year, causing Ellison's wealth to soar. If this trend continues, Musk is likely to lose his title as the world's richest person by the end of the year. ( Jin10)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)