- By Aditya Pratap Singh
- Fri, 05 Jul 2024 10:47 AM (IST)
- Source:JND
Elon Musk: The net worth of Tesla CEO Elon Musk plunged huge as compared to other world's billionaires in the first six months of 2024. As per fobes assessment, the SpaceX CEO has lost a lot of money despite a decent surge in the stock market. Though, The hefty Salary package approved by his company's shareholders Could have boosted Elon Musk's fortunes.
Elon Musk's net worth decreased from $251.3 billion to $221.4 billion in period of December 31, 2023, to June 28, 2024. As per Forbe's it's the highest among other billionaires who lost fortune during the same period.
Elon Musk's fortune shrank after a Delaware judge ruled to temporarily halt Tesla's $51 billion compensation package. Tesla shareholders re-approved the package last month, but the company is likely to face a long and uncertain appeals process in the matter.
Elon Musk's currently holds 13% stake in Tesla and it has fallen by about $20 billion. Meanwhile, the automaker's shares plunged 20% given the lower profits and vehicle deliveries so far this year. This is not the same situation facing other Forbes billionaires, as the collective net worth of the ten richest people jumped from $1.47 trillion at the end of 2023 to $1.66 trillion at the end of June.
Billionaires who lost the most in 2024's first half other than Elon Musk
Dieter Schwarz, Carlos Slim Helu & family, Phil Knight & family Zhong Shanshan, Andrew Forrest & family, Francoise Bettencourt Meyers & family, James Ratcliffe, Bernard Arnault & family, and Low Tuck Kwong have lost a lot of fortune in first half of 2024.
