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Elon Musk's fortune evaporated by 75 billion dollars this year, and the title of the richest person may change hands within the year.
After Musk took over as head of the "Department of Government Efficiency", his wealth significantly shrank by over $75 billion, bringing his net worth down to around $357 billion, and TSL's stock price fell nearly 20%. Meanwhile, the wealth of the CEOs of Oracle and Meta rose, narrowing the gap between Musk and Ellison to about $54 billion, and he may lose his status as the world's richest person by the end of the year.