Massive upheaval in the world's rich list: Elon Musk lost the crown of No. 1, Adani-Ambani fought over the matter

There has been a huge upheaval in the list of the world's rich. Jeff Bezos has snatched the crown of the world's richest man from Elon Musk. A $17.6 billion drop in Elon Musk's fortune on Monday stripped him of his spot as the number one billionaire. Now Jeff Bezos is at number one with a net worth of $200 billion.

Elon Musk is now second in the Bloomberg Billionaires Index with a net worth of $198 billion. At number three is Bernard Arnault. He has a net worth of 197 billion dollars.

List of top 10 richest people in the world

Why did Musk's wealth decline?

Shares of Elon Musk's company Tesla took a hit on Monday. Tesla shares fell 7.16 percent to $188.14 on Monday. A large portion of Musk's wealth also comes from Tesla shares.

This reduction has had a direct impact on Musk's net worth. Tesla shares are down nearly 25% so far this year. This is why Elon Musk tops the list of losers with $31.3 billion so far this year. On the other hand, Bezos, the founder of e-commerce company Amazon, has seen a huge jump in his wealth this year. His wealth has increased by more than 23 billion dollars.

Mark Zuckerberg number one in earnings

This year, Meta CEO Mark Zuckerberg topped the list of earnings. Zuckerberg has earned $50.7 billion in just 64 days. This fourth richest man in the world currently has a net worth of $179 billion. Bill Gates is number five. His wealth also increased by $8.88 billion to $150 billion during this period.

Steve Ballmer, who added $12.6 billion to his wealth this year, ranks sixth on the Bloomberg Billionaires Index with a net worth of $143 billion. Warren Buffett is at the seventh position in this list. His net worth is $133 billion and Buffett earned $13.4 billion this year.

Adani-Ambani also included in the list of top gainers

Gautam Adani and Mukesh Ambani's name is also in this year's list of top gainers. Adani is among the largest wealth creators after Jeff Bezos. Adani ranks fifth in this list of earnings.

Adani, ranked 12th in the world's billionaires list, added $19.2 billion to his net worth this year. Now he has a net worth of $104 billion. On the other hand, Mukesh Ambani is two places below Adani in terms of earnings and one place above in assets. Ambani, who is ranked 11th among the world's billionaires, is seventh in earnings. This year his wealth has increased by 18.2 billion dollars. Now he has a net worth of $115 billion.