Kasomi
JT Founder
Elon Musk has indeed experienced a significant net worth loss, with reports suggesting he's lost around $150 billion this year due to a decline in Tesla stock, while still remaining the world's richest person.
Bloomberg reports that Musk lost around $29 billion on that Monday alone.
Some investors have attributed Tesla's stock struggles and Musk's net worth drop to his political involvement and his association with the Trump administration, as well as the performance of his social media platform, X.
Despite the losses, Musk remains the world's wealthiest person by a substantial margin, with a reported net worth of around $330 billion.
© GREAT AFRICA
Bloomberg reports that Musk lost around $29 billion on that Monday alone.
Some investors have attributed Tesla's stock struggles and Musk's net worth drop to his political involvement and his association with the Trump administration, as well as the performance of his social media platform, X.
Despite the losses, Musk remains the world's wealthiest person by a substantial margin, with a reported net worth of around $330 billion.
© GREAT AFRICA
