Tag Archives: Bloomberg Billionaires Index

Elon Musk, the CEO of Tesla and SpaceX, has reached a net worth milestone of over $300 billion for the first time in nearly three years, following Donald Trump's win in the U.S. presidential election. The billionaire’s wealth surged after Tesla shares soared by 28%, adding approximately $50 billion to Musk's net worth, now valued at $313.7 billion according to Bloomberg's Billionaires Index. The market's optimism stems from Musk's close relationship with President-elect Trump, which investors anticipate could benefit Musk’s companies, particularly Tesla and SpaceX.

In a remarkable turn of events, Meta CEO Mark Zuckerberg has surpassed former Amazon CEO Jeff Bezos to claim the title of the world's second-richest person, with a net worth of $206.2 billion, according to the Bloomberg Billionaires Index. This achievement sees Zuckerberg outpacing Bezos's net worth of $205.1 billion, although he still trails Tesla CEO Elon Musk by nearly $50 billion.

Industrialist Gautam Adani has once again achieved the remarkable feat of surpassing the $100 billion mark in personal wealth, a significant milestone coming just a year after his conglomerate, the Adani Group, faced a severe downturn in share prices following allegations of market manipulation by Hindenburg Research. Today, Gautam Adani stands as the 12th richest person globally, boasting a net worth of $101 billion, according to the Bloomberg Billionaires Index.

In a strategic move, Amazon founder Jeff Bezos has disclosed plans to sell up to 50 million shares of Amazon.com Inc. over the next 12 months, leveraging the recent surge in the company's stock. The announcement comes on the heels of Amazon reporting its strongest online sales growth since the early stages of the pandemic, propelling its shares to a nearly 8% rally, reaching $172.