Tesla CEO Elon Musk's net worth dropped $40B in Q1 2024 due to a 29% decline in Tesla's share price.
Tesla CEO Elon Musk lost $40 billion of his net worth in the first three months of 2024, according to the Bloomberg Billionaires Index. The decline in Tesla's share price, which fell by nearly 29%, is the primary reason for Musk's wealth reduction. His net worth dropped to $189 billion, pushing him to the third spot on the list of the world's richest individuals, behind Bernard Arnault of Louis Vuitton and Jeff Bezos of Amazon.
March 09, 2024
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