New York: Tesla's CEO Elon Musk has seen his net worth fall more than any other billionaire in the first half of 2024, despite a booming stock market, Forbes reported.
As per reports, Musk's wealth decreased from $251.3 at the end of 2023 to $221.4 by June 28, 2024, marking a decline of $30 billion.
Reportedly, this drop in Musk's net worth, which remains the highest in the world, is mainly due to a $20 billion decrease in the value of his 13 percent stake in Tesla. The electric vehicle manufacturer's stock has fallen by 20 percent this year, primarily due to declining profits and vehicle deliveries.
In contrast, the collective net worth of the world's ten wealthiest individuals rose from $1.47 trillion at the end of December 2023 to $1.66 trillion by the end of June 2024.
Despite Musk's notable financial loss, he continues to be the richest person globally, highlighting the dynamic nature of wealth among the world's billionaires.
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