After Losing $200 Billion in 2022, Elon Musk’s Net Worth Hits $250bn, Zuckerberg Slumps, Dangote Rises
- Elon Musk’s wealth has reportedly hit about $250 billion after earning $11 billion in seven days
- Mark Zuckerberg, however, dropped to the ninth position on the billionaire ranking
- Nigeria and Africa’s richest man, Aliko Dangote, earned $272 million one day to hit $16.4 billion in net worth
Tesla CEO Elon Musk has fully recovered after becoming the first man in the world to lose $200 billion in one year.
The billionaire businessman cemented his position as the world’s richest person, boasting a whopping $250 billion in net worth in the latest ranking by Forbes.
Source: Getty Images
Elon Musk's multiple income source
According to Bloomberg Billionaire Index, the Twitter owner earned about $11 billion in the last five days.
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According to the Forbes billionaire list, Musk’s net worth hovered around $239 billion.
In the past seven months, Musk has earned about $107 billion.
The 52-year-old’s primary income source is his 13.04% stake in the electric car company Tesla, and his other investments, including SpaceX, Twitter, Starlink, the Boring Company, and Neuralink.
Musk briefly lost the position of the world’s richest man to Benard Arnault, the French luxury merchant but regained it as Tesla stocks rebounded.
Mark Zuckerberg loses $1 billion after launching new social media, Threads
Meanwhile, his tech rival, Mark Zuckerberg, has dropped to the ninth position as the wealthiest man in the world after posting a $1 billion loss.
Zuckerberg, who occupied the eighth position on Bloomberg’s Billionaire Index, dropped after the loss on Friday, July 14, 2023.
Dangote making a comeback
Also, Africa’s richest man, Aliko Dangote, increased his net worth to about $16.4 billion, posting a $272 million gain on Friday, July 14, 2023.
Dangote, who lost about $3 billion in the last two months due to Nigeria’s foreign exchange reforms, is returning.
Dangote dropped from 76 wealthiest men in the world in May to 122 and briefly lost his title as Africa’s richest man to South African Johann Rupert.
The Kano-born billionaire regained his crown from Rupert in early June.
Dangote reclaims Africa's richest man on Forbes, earns N613 billion in one day
Legit.ng reported that Aliko Dangote has reclaimed his title on Forbes as Africa's richest man, ousting South Africa's Johann Rupert from the position he held for two weeks.
Dangote held the position for 12 consecutive years before Rupert briefly overtook him in early July as Nigeria devalued its currency, affecting the shares of Dangote Cement, his primary source of wealth.
On Tuesday, July 11, 2023, Forbes Index disclosed that Dangote remains Africa's richest man for the 12th consecutive year.
Source: Legit.ng
