The good news for Elon Musk is he is the second-richest person in the world. The bad news? (Can their be bad news when you are that rich?) The bad news is his net worth fell almost $14 billion dollars on Monday.
Was it a big spending sprees of buying countries and islands that led to his fortune being less fabulous? No, Tesla’s stock price fell almost 8%, which dropped the CEO’s net worth to $176.2 billion, which leaves him $6 billion behind Amazon CEO Jeff Bezos.
Before being too jealous of Bezos, his Monday wasn’t perfect, as Amazon stock also fell over 2% Monday, trimming $3.6 billion off his net worth and leaving hime at $182.1 billion.
It’s likely they will continue to flip flop occupying the top spot, and it all comes down to Tesla’s stock price. Just last March, Musk was practically a peasant, worth a paltry $24.6 billion, but as Tesla’s stock price blew up 720% over the course of 2020, and an additional 12% in 2021, Musk’s net worth rode that rocket ship with it.
In case you’re wondering if whoever is in third place on this exclusive list has a chance of catching either of the space exploring tycoons, the answer is probably not. Bernard Arnault, the French luxury tycoon who oversees so many fashion brands, including Louis Vuitton, is worth $154.6 billion as of Tuesday.
If you want to potentially breath some of the rarified air of Musk, Bezos and Arnault, buy a Powerball and Mega Millions’ lottery ticket. The combined jackpot is over $1 billion.