World Richest Persons List: The world of billionaires witnessed a significant upswing among the world’s richest people, which has led to significant changes in their rankings. Elon Musk, who has long been the richest person, suffered a major setback this year, losing $22.2 billion in a single day. Meanwhile, Jeff Bezos’s net worth has seen a surge, moving him up to second place on the list. Mark Zuckerberg, who previously held that spot, has now moved up to third.

Tesla stock market crash hits Musk’s wealth

Tesla’s stock price fell 8.39% on Wall Street on Tuesday, under Musk’s leadership, following which Tesla’s market capitalization fell below $1 trillion for the first time since November last year. The Tesla stock market decline has been linked to a slump in sales, particularly in Europe, where overall electric vehicle (EV) sales in the region rose 37%, but Tesl sales fell 45%. As a result, Musk’s net worth fell by $358 billion in a single day.

Bezos moves up to second place

In contrast, Amazon founder Jeff Bezos saw a slight increase in his wealth, which allowed him to regain second place on the Bloomberg Billionaires Index. His current net worth is $233 billion.

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Zuckerberg's wealth decline

Mark Zuckerberg, who was in second place a day ago, lost $3.67 billion, seeing a significant decline in his wealth. This decline in his net worth has pushed him to third place on the list.

Bernard Arnold, CEO of LVMH, saw his wealth increase by $1.16 billion. Despite this decline, he managed to move up one spot in the ranking and is now in fourth place. This change is due to Larry Ellison's net worth decreasing by $2.59 billion, allowing Arnold to overtake him. Currently, Arnold’s net worth is $192 billion, while Ellison’s is worth $190 billion.

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These shifts in wealth highlight the volatility of the rankings of the world’s richest people, which are affected by factors such as stock market trends and company sales. It will be interesting to see how these dynamics play out in the coming months.