Elon Reeve Musk is a businessman and investor, born on June 28, 1971, in Pretoria, Transvaal, South Africa.
Despite not being a musician or an actor, Musk could easily pass as the most famous person in the world. The power of money you’d say.
He was already the wealthiest person at the start of 2023, that was when he had just bought the Twitter platform that he renamed as X.
As at that time, his net worth stood firm at $340 billion, leaving him as the wealthiest individual in the world who wasn’t some type of royalty member.
Later that year, the figures dropped, a huge some of $44 billion was paid for Twitter, taking the number down to $296 billion.
However, via a recent chat with his Tesla stock holders, the company reported alarming losses that have been consistent for months. Not only did Elon Musk lost $44 billion from his purchase of Twitter but he also lost multiple of the biggest sponsors in the world.
The aforementioned mixed with the many troubling reports of his Tesla vehicles malfunctioning had a great deal of impact on his net worth.
Elon Musk’s 2024 net worth
According to Forbes, Elon Musk has already lost over $200 billion of his fortune since 2019. At a certain point during that year, Musk was nearly topping a whopping $400 billion net worth.
However, things have definitely gone downhill for him ever since.
No doubt, Musk still ranks as one of the wealthiest individuals in the world, but he has lost nearly $200 billion of his entire net worth, leaving him with an estimated $193 billion net worth as of January 2024.
In the Forbes list, he is one of the wealthiest people who has lost the biggest amount of fortune in the shortest amount of time in world history.