All articles tagged with #bloomberg billionaires index
Elon Musk’s net worth fell to about $957 billion, dropping him below the $1 trillion mark as SpaceX and Tesla shares tumbled in a tech-wide rout; SpaceX’s IPO had initially vaulted Musk to trillionaire status, but a 16% one-day drop erased roughly $240 billion, and insiders will soon be able to sell. A small SpaceX recovery could return him to trillionaire status, though he remains the richest person on earth.
Elon Musk’s estimated net worth jumped to a record $722 billion after SpaceX’s IPO prospectus revealed only a tiny pledge of his SpaceX shares as collateral, prompting Bloomberg to remove a $45 billion liability and boosting his wealth by that amount for the year amid soaring Tesla and SpaceX valuations—with Musk owning about 11% of Tesla and roughly 50% of SpaceX, which is valued north of $1.5 trillion and could further expand his stake via recent pay packages.
Four tech billionaires—Elon Musk, Jeff Bezos, Mark Zuckerberg, and Jensen Huang—added a combined $288 billion to their net worth in Trump's first year back in office, rebounding from an earlier $194 billion drop as tariffs rattled markets; Musk rose about 52% to about $681B, Bezos to $261B, Zuckerberg to $220B, and Huang to $154B (Bloomberg index), keeping them wealthier than a year earlier.
Donald Trump has dropped off Bloomberg's list of the world's 500 wealthiest people as the value of his meme stock, TMTG, plummeted, causing his net worth to fall below the required threshold. Trump's wealth surged earlier this year due to his stake in Trump Media & Technology Group, but the stock's 53% decline in two weeks has led to a significant decrease in his net worth. This comes as Trump faces a $454 million judgment in a New York fraud case and a $175 million bond demand while he appeals the decision.
Mark Zuckerberg surpassed Elon Musk on the Bloomberg Billionaires Index for the first time in four years, with Zuckerberg's net worth reaching $186.9 billion compared to Musk's $180.6 billion. Musk's wealth declined after Tesla's stock fell and a Delaware judge struck down his $56 billion pay package. The two billionaires have a history of public rivalry, including a proposed cage fight that Zuckerberg later called off.
Jeff Bezos surpassed Elon Musk as the world's wealthiest billionaire with a personal fortune of $200.3 billion, according to Bloomberg's Billionaires Index. Bezos' rise to the top spot was attributed to Amazon's stock performance, which has increased over 17% since the start of 2024. Meanwhile, Elon Musk's net worth of $197.7 billion, largely from Tesla holdings, saw a $2.6 billion decrease, with Tesla's stock declining over 27% in 2024. The small gap between their net worths means their positions on the list could easily change based on Amazon and Tesla's stock performance.
Amazon founder Jeff Bezos has reclaimed the title of the world's richest person with a net worth of $200 billion, surpassing Elon Musk, whose net worth stands at $198 billion. Bezos' wealth has grown by over $23 billion in 2024, while Musk has seen a significant decline due to Tesla's stock drop. French business magnate Bernard Arnault holds the third spot with $197 billion, followed by Mark Zuckerberg at $179 billion and Bill Gates at $150 billion.
Jeff Bezos has surpassed Elon Musk to become the richest person on earth with a net worth of $200 billion, while Musk follows at $198 billion. This change comes after Musk briefly held the title earlier this year. The competition for the top spot also includes LVMH CEO Bernard Arnault. The rankings fluctuate based on market performance, and the net worth of the five wealthiest people on earth has increased significantly in recent years.
Former Microsoft CEO Steve Ballmer has secured the fifth position on Bloomberg's billionaires list with an estimated net worth of $117 billion. Ballmer's primary asset is his 4% stake in Microsoft, and he also owns the Los Angeles Clippers. Bill Gates, the co-founder of Microsoft, is ranked one spot ahead of Ballmer with a personal fortune of about $122 billion.