Elon Musk's Net Worth Drops by $40 Billion in 2024

Saturday, 9 March 2024, 09:22

Elon Musk's net worth has plummeted by nearly $40 billion in 2024, causing Tesla shares to decline by 29%. Despite owning X (formerly Twitter), Musk's current net worth is $189 billion, placing him third on the list of the world's richest individuals. The significant drop in wealth highlights the volatile nature of financial markets and the impact on billionaire rankings.
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Elon Musk's Net Worth Drops by $40 Billion in 2024

Elon Musk's $40 Billion Wealth Drop in 2024

Tesla CEO Elon Musk has seen his net worth decline by almost $40 billion in 2024, as per the Bloomberg Billionaires Index. Musk, the owner of X (formerly Twitter), now stands at a net worth of $189 billion.

Notable Rankings

  • Musk currently ranks third on the list of the world's richest individuals.
  • He trails behind Louis Vuitton boss Bernard Arnault and Amazon founder Jeff Bezos in the wealth rankings.

The decline in Musk's wealth underscores the volatility of financial markets and the fluctuations in billionaire standings.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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