No Longer the World's Richest Person, How Much is Elon Musk's Net Worth Now?

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Cindy Mutia Annur 30/05/2023 13:47 WIB

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According to Forbes' 2023 Billionaires list, Elon Musk is no longer the world's richest person. As of April 4th, 2023, his net worth is recorded as Rp 180 billion, or approximately Rp 2,693.7 trillio

Elon Musk's Net Worth Trend (2018-2023*)

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Elon Musk's Net Worth Trend (2018-2023*)

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Elon Musk is no longer the world's richest person, according to the Forbes Billionaires 2023 list. His net worth as of April 4, 2023, was recorded at US$180 billion, equivalent to Rp2,693.7 trillion (assuming an exchange rate of Rp14,965/US$).

The Tesla CEO's wealth has fallen by US$39 billion compared to the end of 2022, when it reached US$219 billion. This decrease in Elon Musk's wealth has caused him to relinquish his top spot on the list of the world's richest people, which is now occupied by the owner of the LVMH business empire, Bernard Arnault.

The French conglomerate's net worth increased by more than US$50 billion from last year to US$211 billion in 2023.

However, Musk still has the opportunity to regain the position of the world's richest person in the Forbes Real Time Billionaires list, which is updated daily. Over the past few months, Musk and Arnault have frequently swapped places. Most recently, Arnault's wealth reportedly decreased by approximately US$11 billion due to a decline in his shares.

According to Forbes, Musk's wealth declined due to his US$44 billion purchase of Twitter, which was financed by Tesla shares. This frightened investors and caused Tesla's stock to plummet last year.

The Twitter takeover a year ago caused Tesla's stock to plunge by about 50%. On the other hand, SpaceX is a bright spot for the billionaire, as its valuation has increased by US$13 billion to approximately US$140 billion in the past year.

Forbes also states that the number of billionaires in the world on this year's list has decreased compared to last year, from 2,668 to 2,640.

“Almost half of the list is poorer than last year, including Elon Musk, who has fallen from number one to number two since the expensive Twitter acquisition sank Tesla stock,” said Forbes Senior Wealth Editor Chase Peterson-Withorn, quoted on Tuesday (May 30, 2023).

Editor : Padjar Iswara

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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