TechFlow, August 5 — According to Jinshi Data, Bloomberg's Billionaires Index shows that Elon Musk's wealth has shrunk by over $75 billion this year, with his net worth now at approximately $357 billion—far below the peak of over $450 billion at the end of 2024.
The decline is primarily due to the performance of Tesla, in which he holds a 13% stake. Tesla's stock has fallen nearly 20% year-to-date. Musk's lead as the world's richest person is being eroded by rivals: Oracle founder Larry Ellison and Meta CEO Mark Zuckerberg are closing in. The current gap between Musk and Ellison stands at around $54 billion.
Oracle has experienced explosive growth driven by its AI strategy and cloud computing business, with its stock surging more than 50% this year, rapidly boosting Ellison's wealth. If this trend continues, Musk is highly likely to lose his position as the world's richest person before year-end.
