Heavy decline in Elon Musk's wealth, what is the ranking of Mukesh Ambani and Gautam Adani in the list of rich

Tesla Inc's shares have seen a decline on Thursday. This has a direct impact on the total assets of the company's owner, Elon Musk. According to the Bloomberg Billionaires Index, this is the seventh-biggest decline ever. Let us know about it in detail in this report.
Elon Musk's company Tesla's shares have seen a decline in the past day. This has also affected the total assets of Elon Musk. On the last day, Elon Musk's total assets decreased by $ 20.3 billion. One of the biggest reasons why the asset is undervalued is the cost of Tesla's electric vehicles. Indeed, Tesla continues to cut the prices of electric vehicles. This deduction may have to be continued. In such a situation, Tesla shares may decline.
The wealth gap between Musk and the world's second-richest person, Bernard Arnault, has further narrowed following the decline in net worth. Arnault is the chairman of luxury goods maker LVMH. Even after Tesla's share decline, Musk's wealth is about $ 33 billion more than Arnault's.
Only Elon Musk's wealth has not declined in the past day. With Amazon.com Inc. Jeff Bezos of Oracle Corp. Larry Ellison of Microsoft Corp., The net worth of CEO Steve Ballmer, Meta Platforms Inc's Mark Zuckerberg, and Alphabet Inc co-founders Larry Page and Sergey Brin also declined. His wealth has also declined by $ 20.8 billion. The reason for this decline is that the shares of the tech-heavy Nasdaq-100 have fallen 2.3 percent.
Tesla's stock registered the biggest decline in the New York stock market on Thursday. Shares of Austin-based Tesla fell 9.7 percent to $262.90. This decline has been seen the most after April 20. The company had already warned about decreasing profit. The decline has impacted automotive gross margin in months of mark-downs, falling to a four-year low in the second quarter.
Tesla Chairman Musk said that if interest rates continue to rise like this, Tesla will have to reduce the prices of its electric vehicles. Months of markdowns have already taken a toll on automotive gross margin, which fell to a four-year low in the second quarter.
The 52-year-old Musk's wealth includes a Tesla stake as well as Space Exploration Technologies and Twitter. By Wednesday this year, his wealth had increased by about $ 118 billion. At the same time, Tesla's shares climbed 136 percent.
If we look at the wealth of another person in the world, then the net worth of 74-year-old Arnault has increased by $ 39 billion to $ 201.2 billion this year. With this, the shares of Paris-based LVMH have also increased by 26 percent.
According to the Bloomberg Billionaires Index, Reliance Industries Limited Chairman Mukesh Ambani is ranked 11th on the list of the world's richest. With this, the ranking of Gautam Adani, chairman of Adani Enterprises Ltd, is 22.