Elon Musk, the CEO of Tesla, is the world’s richest person with a net worth of, making him the greatest billionaire loser in 2024.

The CEO of Tesla’s net worth dropped from $251.3 billiоn to $221.4 billiоn as a result of declining profits and his inability to obtain a pay package.

Despite a surge in the stock market, Elon Musk’s net worth at Tesla has decreased more than that of any other billionaire globally in the first half of the year, according to estimates from Forbes. 

The CEO of Tesla’s net wealth dropped from $251.3 billiоn to $221.4 billiоn. More than any other billionaire monitored by Forbes, the estimate takes into account data from December 31, 2023 to June 28, 2024, the last day of the first half of the calendar year on the stock market.

Musk is still the world’s richest person.

In addition to the equity reward, Musk’s 13% stake in Tesla dropped in value by $20 billiоn as the company’s shares declined 20% so far this year, mostly as a result of declining car deliveries and earnings.

According to a Bloomberg story earlier this week, Tesla manufactured 410,831 cars during the quarter, 14% fewer than it did during the same time last year. According to the Bloomberg story, the company did not provide an explanation, but it promised to give additional information when it releases its earnings on July 23.

By the end of June 2023, the ten richest people’s net worth had increased from $1.47 trillion at the end of December 2023 to $1.66 trillion.

Billionaires who lost wealth in the first half of 2024 are:

Elon Musk, $29.9 billiоn

Dieter Schwarz, $15.4 billiоn

Carlos Slim Helu & family, $13.9 billiоn

Zhong Shanshan, $11.3 billiоn

Andrew Forrest & family, $9.5 billiоn

Francoise Bettencourt Meyers & family, $9.4 billiоn

Phil Knight & family, $9.2 billiоn

James Ratcliffe, $7.5 billiоn

Bernard Arnault & family, $6.9 billiоn

Low Tuck Kwong, $6.7 billiоn