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At one point, the difference in net worth between Elon Musk and Jeff Bezos was as wide as $142 billion. Both companies are a part of the Magnificent Seven stocks in the US, but Amazon stock has doubled since 2022 while Tesla shares have tumbled nearly 50 percent since its 2021 peak.<\/p>\n
Tesla shares fell on Monday after preliminary data showed shipments from its factory in Shanghai slumped to the lowest in more than a year. Amazon, meanwhile, is coming off its best online sales growth since early in the pandemic.<\/p>\n
Elon Musk’s net worth is expected to take another significant hit, and not just because of the major tumble of Tesla shares. Musk’s wealth can further shrink after a Delaware judge struck down his $55 billion pay package at Tesla. The decision took the side of an investor who\u2019d challenged Musk\u2019s compensation plan, which had been the largest in history.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Elon Musk is not the world’s richest person anymore, losing the top spot to Amazon founder and former CEO Jeff Bezos. The Amazon founder\u2019s net worth currently stands at $200bn, topping the Tesla chief\u2019s $198bn, the Bloomberg Billionaires Index showed. Bezos has gained $23bn so far in 2024, while Musk has lost about $31bn, according […]<\/p>\n","protected":false},"author":9,"featured_media":34793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[6673,7984,16056,16055],"class_list":["post-34790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-elon-musk","tag-jeff-bezos","tag-elon-musk-loses-worlds-richest-person-title-to-jeff-bezos","tag-jeff-bezos-richest-man"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/34790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=34790"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/34790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/34793"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=34790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=34790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=34790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}