Ads

The list of the 10 richest men in the world was released by the Bloomberg Billioners Index, bringing an updated ranking in the year 2023 with the biggest billionaires in the world.

Elon Musk lost the top spot in the billionaire rankings when Tesla’s shares have dropped nearly 50% since he announced his acquisition of Twitter for $44 billion in April 2022, beating Nasdaq’s 18% drop. Elon Musk is CEO and co-founder of Tesla, founder, CEO and CTO of SpaceX and now owner of Twitter, his investments are quite diversified.

To finance the acquisition of Twitter, Elon Musk sold $23 billion worth of Tesla stock. SpaceX, meanwhile, continues to rise, with the company valued at nearly $140 billion at a closed public offering in early 2023, up from the $127 billion investors valued it in May 2022. Still, Elon Musk is worth $39 billion less than in the year 2022.