Each member of the Bloomberg Billionaires Index earned an average of $14 million per day over the past six months. This is the best half of the year for billionaires since the last half of 2020 when the economy recovered from the Covid-19-induced downturn.
As Elon Musk and Mark Zuckerberg schedule a cage match with each other, Tesla’s CEO came out on top in dollar terms. Musk, the world’s richest man, added $96.6 billion to his net worth in the year to June 30, while the META CEO earned $58.9 billion.
Indian industrialist Gautam Adani’s net worth sank the most in the six months, losing $60.2 billion.
The Adani Group chairman also posted the biggest one-day loss of any billionaire, losing about $20.8 billion on January 27 after short-seller Hindenburg Research accused his conglomerate of accounting fraud and stock manipulation.
For Musk, the increase in wealth carried over into July, when Tesla shares rose 6.9% on the first day of the week in New York, adding another $13 billion to his fortune.