Elon Musks net worth has recently seen a significant surge. Driven by a sharp rise in Teslas stock his net worth has reached $314 billion. This year alone his wealth has increased by $84.7 billion. However theres one individual who has earned more than Musk in terms of earnings this year but still his name is not in the worlds Top 10 richest persons list. Elon Musks Soaring Net Worth Elon Musk the American entrepreneur and CEO of Tesla is currently the world’s richest person. His net worth skyrocketed to $314 billion following a 29% increase in Teslas stock price this week. Musk is far ahead of other billionaires with Amazon founder Jeff Bezos in second place with a net worth of $230 billion. There is an $84 billion gap between Musk and Bezos. Interestingly while Musks wealth has grown by $84.7 billion this year but he is not the top earner of 2024. Top Earner of the Year: Jensen Huang The title of highest earner of the year goes to Jensen Huang CEO of NVIDIA. His net worth has surged by $84.8 billion this year surpassing Elon Musk’s earnings. However despite this impressive growth Huang’s total net worth stands at $129 billion placing him at 11th position on the list of the worlds richest people. This is the reason for him not being in the worlds top 10 richest persons list. NVIDIA has seen a substantial rise in its stock value recently surpassing Apple to become the world’s most valuable company. NVIDIA’s market cap has reached $3.621 trillion while Apple has slipped to second place with a market cap of $3.430 trillion. Huang owns a 3% stake in NVIDIA which has significantly contributed to his wealth. Mark Zuckerberg and Other Top Gainers Following Jensen Huang Mark Zuckerberg CEO of Meta Platforms (formerly Facebook) is the third-highest earner of the year. Zuckerberg’s net worth has increased by $80.5 billion in 2024 bringing his total wealth to $209 billion securing him the third spot among the world’s richest. Meanwhile Oracles founder Larry Ellison has seen his net worth grow by $79.4 billion this year. With a total net worth of $202 billion he ranks as the fourth-richest person globally. The Biggest Losers of 2024 On the flip side Bernard Arnault the French businessman and CEO of LVMH has faced the biggest decline in net worth this year. Arnaults wealth dropped by $35.3 billion bringing his total net worth down to $172 billion placing him fifth on the global rich list. Other notable losses include Carlos Slim of Mexico who lost $22.4 billion Francoise Bettencourt Meyers of France with a decline of $23.9 billion and Chinas Zhong Shanshan who saw a loss of $12.5 billion.