The world’s richest people have seen significant changes in their fortunes in recent months, but Elon Musk remains firmly at the top despite a sharp drop in his wealth.

According to Forbes, the Tesla and SpaceX boss was worth an estimated $690 billion as of August 1, 2026, representing a decline of about $363 billion from the previous month.

Musk briefly became the world’s first trillionaire in June after SpaceX went public. However, his fortune took a major hit in July as the value of both SpaceX and Tesla declined.

SpaceX shares fell by 37% during the month, while Tesla’s stock dropped by 26%. As a result, Musk’s fortune has fallen below the $700 billion mark for the first time since December.

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Despite the decline, Musk remains comfortably ahead of Larry Page, co-founder of Google, who ranks second with an estimated fortune of $292 billion.

Larry Page has since added about $1 billion to his wealth during the month.

Jeff Bezos, founder of Amazon, recorded the biggest increase among the top 10 richest people. His fortune rose by about $29 billion to $278 billion, moving him into third place.

Bezos benefited from a 14% rise in Amazon’s share price in July, allowing him to overtake fellow Google co-founder Sergey Brin.

Brin now ranks fourth with an estimated fortune of $269 billion, after adding about $1 billion during the month.

Michael Dell, founder and CEO of Dell Technologies, occupies fifth place with an estimated fortune of $229 billion, although he lost about $6 billion in July.

Meta founder and CEO Mark Zuckerberg is sixth with an estimated $191 billion.

Zuckerberg co-founded Facebook in 2004 before the company expanded into Meta, which now owns major platforms including Instagram and WhatsApp.

Jensen Huang, co-founder and CEO of Nvidia, ranks seventh with an estimated fortune of $174 billion, up about $1 billion.

His wealth has been boosted by Nvidia’s strong position in the artificial intelligence industry, where demand for advanced chips and computing infrastructure remains strong.

Larry Ellison, co-founder of Oracle, dropped from seventh to eighth place after losing about $24 billion, bringing his estimated fortune to $168 billion.

French billionaire Bernard Arnault, chairman and CEO of luxury goods giant LVMH, ranks ninth with an estimated $146 billion.

Arnault is the only non-American among the world’s 10 richest people.

Meanwhile, veteran investor Warren Buffett completes the top 10 with an estimated fortune of $145 billion.

The 95-year-old stepped down as CEO of Berkshire Hathaway at the end of 2025 but remains chairman of the company.

Forbes estimates the 10 richest people were worth a combined $2.6 trillion as of August 1, 2026, with their fortunes fluctuating daily based largely on stock market movements.

See the full list below:

• Elon Musk – $690 billion

• Larry Page – $292 billion

• Jeff Bezos – $278 billion

• Sergey Brin – $269 billion

• Michael Dell – $229 billion

• Mark Zuckerberg – $191 billion

• Jensen Huang – $174 billion

• Larry Ellison – $168 billion

• Bernard Arnault – $146 billion

• Warren Buffett – $145 billion

With additional files from Forbes

MA