Elon Musk's net worth has evaporated by $75 billion this year, and the title of the richest person may change hands within the year

ChainCatcher news, according to the Bloomberg Billionaires Index, as of now, 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 at the end of 2024.

The decline is mainly due to the performance of his 13% stake in Tesla. Tesla's stock price has fallen nearly 20% this year. Musk's lead as the world's richest person has been eroded by competitors: Oracle founder Larry Ellison and Meta CEO Mark Zuckerberg are closing in. Currently, the gap in wealth between Musk and Ellison 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 rapidly. If this trend continues, Musk is very likely to lose his title as the world's richest person before the end of the year. (Jinshi)