Elon Musk's net worth evaporated by $75 billion this year, and his position as the richest person may change hands within the year

According to Golden Finance, Musk's appointment as the head of the "Government Efficiency Department" seems to have dealt a greater blow to his wealth than expected. According to Bloomberg Billionaires Index, Musk's wealth has shrunk by over $75 billion this year, with net assets dropping to approximately $357 billion, far below the peak of over $450 billion at the end of 2024. The decline is mainly due to the performance of his 13% stake in Tesla. Tesla's stock price has fallen nearly 20% this year. Elon Musk's lead as the world's richest man has been eroded by competitors: Oracle founder Larry Ellison and Meta CEO Mark Zuckerberg are approaching. At present, the net worth gap between Musk and Ellison is only about $54 billion. Oracle has experienced explosive growth with its AI strategy and cloud computing business, and its stock price has risen by over 50% this year, causing Ellison's wealth to soar rapidly. If this trend continues, Musk is highly likely to lose his position as the world's richest person before the end of the year. (Golden Ten)