Elon Musk's fortune evaporated by 75 billion dollars this year, and the title of the richest person may change hands within the year.

Jin10 data reported on August 5th that Musk's role as head of the "Government Efficiency Department" seems to have dealt a greater blow to his wealth than expected. According to the Bloomberg Billionaires Index, Musk's wealth has shrunk by more than $75 billion this year, with his net worth dropping to about $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 TSL. The price of TSL has fallen nearly 20% this year. Musk's lead as the world's richest person has been eroded by competitors: Oracle founder Larry Ellison and Meta CEO Mark Zuckerberg are closing in. Currently, the gap in net worth between Musk and Ellison is just about $54 billion. Oracle has seen explosive growth thanks to its AI strategy and cloud computing business, with its stock price rising over 50% this year, causing Ellison's wealth to soar rapidly. If this trend continues, Musk is very likely to lose the title of the world's richest person before the end of the year.