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New York: Elon Musk\u2019s net worth has fallen more than any other billionaire in the world in the first six months of 2024, as per Forbes\u2019 estimates. The Tesla boss has lost money despite a boom in stock market although the massive salary package cleared by his company\u2019s shareholders could raise Elon Musk\u2019s fortunes. From December 31, 2023 to June 28, 2024, Elon Musk\u2019s net worth fell from $251.3 billion to $221.4 billion. <\/p>\n
Elon Musk\u2019s wealth has been shrinking following a Delaware judge\u2019s decision to stop his Tesla compensation package then valued at $51 billion. Tesla shareholders re-approved the package last month but the company likely faces a lengthy and uncertain appeal process in the matter.<\/p>\n
Elon Musk\u2019s existing 13% stake in Tesla decreased by about $20 billion as shares of the automaker fell 20% due to declining profits and car deliveries this year so far. This is not the same situation that other Forbes\u2019s billionaires face as the ten richest people\u2019s collective net worth jumped from $1.47 trillion at the end of 2023 to $1.66 trillion at the end of June.<\/p>\n<\/div>\n
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[ad_1] New York: Elon Musk\u2019s net worth has fallen more than any other billionaire in the world in the first six months of 2024, as per Forbes\u2019 estimates. The Tesla boss has lost money despite a boom in stock market although the massive salary package cleared by his company\u2019s shareholders could raise Elon Musk\u2019s fortunes. […]<\/p>\n","protected":false},"author":1,"featured_media":33190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-33189","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/07\/Elon-Musk-is-29.9-billion-poorer-biggest-billionaire-loser-so-far-in-2024.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/33189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=33189"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/33189\/revisions"}],"predecessor-version":[{"id":33191,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/33189\/revisions\/33191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/33190"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=33189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=33189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=33189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}