New Delhi: Tesla boss Elon Musk’s fortune briefly touched the $500 billion mark on Tuesday after Tesla’s stock rallied over 3 per cent. The tech mogul’s wealth settled at $486 billion on Tuesday, according to the Bloomberg Billionaires Index. The billionaire’s wealth is tied to Tesla in which he owns a 13 per cent stake in the EV carmaker.
Musk also owns key companies such as SpaceX, Neuralink, xAI, X (formerly Twitter), and the Boring Company. The Bloomberg Billionaires Index shows that a majority of the world’s top 10 richest billionaires are tech moguls.
Elon Musk tops richest billionaires list: Check other names
From Google founders Larry Page ($174 billion) and Sergey Brin ($164 billion) to Oracle chief Larry Ellison ($193 billion) and Microsoft co-founder Bill Gates ($165 billion), tech billionaires dominate the world’s richest billionaires list. Former Microsoft Chairman Steve Ballmer ($157 billion) is also on the list. The Oracle of Omaha with a fortune of $143 billion rounds up the top 10 billionaire list, according to the Bloomberg Billionaires Index. Amazon co-founder Jeff Bezos and Meta CEO Mark Zuckerberg have turned decacentibillionaires with fortunes worth $250 billion and $219 billion, respectively.
Adani and Ambani not in top 10 richest list
Reliance Industries chairman Mukesh Ambani ($94.6 billion) and Adani Group chairman ($79.9 billion) are out of the world’s top 10 billionaires list after a significant decline in their respective fortunes. The two Indian industrialists are ranked 17 and 19, respectively.
Indian indices have witnessed selling from FIIs who are looking for more lucrative investment opportunities since Donald Trump was re-elected US President, thus driving up the dollar. The China stimulus package has also seemingly enticed foreign investors away from Indian markets. Lastly, the US Federal Reserve’s twin rate cuts have also raised FIIs’ hopes about opportunities elsewhere.
However, while Ambani’s wealth was hit by the decline in RIL’s petrochemicals business, Adani’s net worth was hit by a US DoJ and US SEC notice related to alleged kickback payments to Indian officials by the Adani group chairman, his nephew and other officials of his group companies. Adani Group has denied these allegations.
Comments are closed.