Year Is Going Bad For Elon Musk, Losses Worth Billions Of Dollars So Far

Abhay Singh
3 Min Read
Elon Musk Tesla Car

The year 2024 is not proving to be good for Elon Musk, one of the richest people in the world. They have been suffering huge losses since the beginning of the year. The third month of the year is not even half over, and billions of dollars have reduced Musk’s wealth.

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This Much Loss Has Been Incurred So Far In The Year 2024

According to the Bloomberg Billionaires Index, Elon Musk’s net worth has reached $189 billion. Since the beginning of this year, his net worth has declined by a whopping $40.4 billion. Due to this loss, he is no longer even the richest person in the world. According to Bloomberg, Elon Musk is now in third place on the world’s richest people list. Just a week ago, he was the richest man in the world.

Due To This, Elon Musk’s Wealth Has Decreased

However, in the Forbes Realtime Billionaires list, Elon Musk is currently second in the world’s richest people ranking. According to the Forbes list, his net worth is $195.1 billion. Tesla shares are behind this big decline in Elon Musk’s net worth.

Tesla’s Share Price Has Fallen So Much

The largest portion of Elon Musk’s net worth comes from his stake in Tesla. Elon Musk holds about 21 per cent of the stake in the electric vehicle company. There is a continuous decline in Tesla shares. This year alone, Tesla shares have fallen 29 per cent so far, while compared to the high level achieved in 2021, Tesla’s share prices have almost halved.

This French Billionaire Has The Most Wealth

France’s Bernard Arnault occupies the first position in the lists of both Bloomberg and Forbes. According to Bloomberg’s list, his net worth is 201 billion dollars. In this list, Amazon’s Jeff Bezos is in second place with a net worth of $198 billion. Whereas in the Forbes list, the net worth of Arnault and family is 232.8 billion dollars. At the same time, Jeff Bezos is third with a wealth of $194 billion.

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By Abhay Singh Journalist
Abhay has been with News Waker for over a few months and has covered various topics, from politics to business to sports. He is known for his engaging writing style and ability to explain complex issues in a way that's easy to understand.