Elon Musk's Wealth Plunges: An Overview of the $40 Billion Hit in 2024
Friday, 8 March 2024, 16:30
Elon Musk's Wealth Plunges
In a dramatic turn of events, Elon Musk, CEO of Tesla Inc., has witnessed a significant reduction in his fortune. His wealth has plunged by approximately $40 billion since the beginning of 2024. According to Bloomberg's Billionaires Index, Musk’s net worth suffered a substantial blow because of Tesla's falling stock price.
Position in Rankings
The index now estimates Musk’s wealth to be $189 billion, positioning him third after French business magnate Bernard Arnault and Amazon.com Inc. Founder, Jeff Bezos.
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.