As shares of Tesla sank 13% Thursday, a day after the company reported missed estimates in its fourth-quarter earnings, the net worth of its centibillionare CEO Elon Musk dropped by more than $18 billion, though he remains the richest person in the world. Musk lost $18.8 billion Thursday, a more than $17 billion larger decline than any other billionaire, according to Forbes calculations. Musk, who owns about 21% of Tesla, remains the world’s wealthiest person with an estimated net worth of $203.6 billion, still roughly $20 billion more than LVMH’s Bernard Arnault.$320 billion. That’s how much Musk was worth in November 2021, first person in history to obtain such a net worth and also his peak fortune. With Tesla Stock Down 25% In 2024, It’s Time To Take Your Profits (Forbes)Will Elon Musk’s Politics Impact Tesla Sales? (Forbes)Recap: Tesla Q4 earnings disappoint; Elon Musk talks slowing demand, Cybertruck, and a next-gen vehicle (Business Insider) All data is taken from the source: http://forbes.com Article Link: https://www.forbes.com/sites/caileygleeson/2024/01/25/elon-musks-net-worth-drops-18-billion-as-tesla-stock-slides/ #enews #newstodayinusa #newsworldbbc #newstodayabc #newsworldabc #newstodaylocal #