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Elon Musk already holds the world report for dropping probably the most cash, and the Tesla CEO has misplaced one other $30.5 billion within the first month of 2024. On the identical time, his rival in wealth, Amazon founder Jeff Bezos, has gained $7.3 billion.
Now the hole between the tech moguls is simply $15 billion, in accordance with the Bloomberg Billionaires Index. Which may sound like loads (loads, loads) to regular folks, however it’s not a lot within the race to the top for the world’s richest, particularly contemplating that Musk has already misplaced twice that sum in just some weeks.
It’s no shock that Musk’s wealth is diminishing. The Twitter (now X) proprietor not solely captures headlines for his antics, but additionally for his enterprise ventures’ current complications. X’s worth has plummeted 72% since Musk took over. Tesla shares have nosedived since December, when the corporate recalled almost all of its 2 million cars offered within the US. SpaceX, which Musk chairs, had another unsuccessful launch of its mega rocket, Starship, on the finish of final 12 months, and the enterprise nonetheless isn’t worthwhile.
In the meantime, Area X rival Blue Origin, owned by Bezos, stated final week that it’s one step closer to launching its new rocket.
And the bronze (quickly to be silver?) medal goes to…Bernard Arnault
The French LVMH chairman might seize fewer headlines, however he’s a nostril hair behind Bezos within the relay to richest. Arnault gained about $4 billion in wealth in January.
LVMH is a luxurious conglomerate that owns Louis Vuitton, Dior, and Sephora, amongst different manufacturers. The corporate had a glowing earnings report final week, with income up 10% ($93 million) in 2023.
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