This Week's Biggest Billionaire Loser: Elon Musk's Fortune Plunges $15 Billion As Other Tech Titans Rake It In
An 11% Tesla stock slide wiped out billions of dollars from its headline-grabbing CEO Elon Musk’s fortune, while the net worth of several other Silicon Valley veterans swelled – here’s this week’s biggest movers on Forbes’ billionaire list.
Musk lost $14.5 billion in the week ending Friday, sending his net worth down 7% to $187.9 billion, by far the greatest slide on a gross and percentage basis this week among all billionaires.
LVMH chairman Bernard Arnault, holder of the illustrious world’s wealthiest crown with a $223.1 billion fortune, joined Musk as one of this week’s biggest losers, shedding $2.7 billion as shares of his luxury empire slipped.
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