"Elon Musk has lost some $80 billion in net worth this year, now valued at about $352 billion after a decline in Tesla's stock."
"Shareholders have awarded Musk a pay package worth $29 billion to ensure he remains focused on Tesla amid recent stock struggles."
Elon Musk's wealth has decreased by $80 billion this year, placing his net worth at approximately $352 billion. This decline is attributed to a shrinking value of his 13% stake in Tesla, which has seen its stock plummet nearly 20%. Despite missing Wall Street revenue expectations and shareholders urging him to focus solely on Tesla, Musk was granted a $29 billion pay package. Competitors like Larry Ellison and Mark Zuckerberg threaten Musk's position as the world's richest individual, as the billionaire landscape shifts.
Read at Fortune
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