Elon Musk has lost more money in just 2 months than Mukesh Ambani’s entire lifetime earnings of Rs….
GH News March 01, 2025 11:06 PM
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Elon Musk’s loss: The year 2025 is proving to be bad for the worlds richest person Elon Musk.
Elon Musk has lost more wealth in two months than the lifetime earnings of Mukesh Ambani the owner of Reliance Industries. So far this year Elon Musk has lost $89.4 billion which is more than Mukesh Ambanis total wealth of $85 billion.
On Thursday February 27 due to the beating of tech stocks on Wall Street there was a significant decline in the wealth of billionaires associated with this industry. Elon Musk faced a blow of $6.33 billion as Teslas shares fell by more than 3 percent. Amazon founder Jeff Bezos also faced a blow of $4.96 billion on Thursday due to a 2.62 percent drop in his companys shares.
This year the highest earner Mark Zuckerberg suffered a loss of $5.30 billion. Shares of his company Meta Platforms fell by 2.29 percent. According to the Bloomberg Billionaire Index Zuckerberg has added $24.9 billion to his net worth this year. He is now the second richest person in the world with a net worth of $232 billion.
The biggest blow was to Jensen Huang.
Shares of chip maker Nvidia crashed. Nvidias share price fell by 8.5%. This wiped out $274 billion from its market cap. This affected the companys owner Jensen Huang who was among the top losers of billionaires losing wealth on Thursday. He suffered a loss of $9.32 billion. Oracles Larry Ellison was second in terms of wealth loss on Thursday suffering a hit of $7.10 billion. Dells Michael Dell also lost $5.75 billion.
Top 10 billionaires who lost wealth this year
Elon Musk: $89.4 billion
Larry Page: $15.4 billion
Sergey Brin: $14.3 billion
Gautam Adani: $13.9 billion
Changpeng Zhao: $11.8 billion
Jenseng Huang: $11.8 billion
Mike Siebel: $10.9 billion
Bob Pender: $10.9 billion
Michael Dell: $10.9 billion
Jeff Bezos: $9.01 billion
Source: Bloomberg Billionaire Index