Here’s How Biden’s Billionaire Supporters Are Reacting To Shaky Debate, As Netflix Founder Reed Hastings Reportedly Calls For New Candidate
Biden Vs. Trump 2024 Election Polls: Trump’s Lead Reaches Record High In 2 Prominent Surveys As More Voters Say Biden’s Too OldThe net worth of Tesla’s headline-grabbing CEO Elon Musk fell by more than any other billionaire on the planet over the first six months of the year, according to Forbes’ estimates, a rare loss in what was otherwise a great stretch for the megarich as the stock market boomed—though a massive bonus courtesy of Tesla shareholders could raise Musk’s fortunes.
Much of Musk’s shrinking piggy bank stems from a Delaware judge’s January axing of his record Tesla compensation package then valued at $51 billion, which caused Forbes to discount the value of the equity award by 50% due to uncertainty of Musk ever getting hold of those stock options.
The first half of 2024 was largely friendly to the world’s wealthiest—Forbes’ 10 richest people’s collective net worth jumped from $1.47 trillion at the end of 2023 to $1.66 trillion at the end of June—but Musk is joined by several other big names as one of the few less rich centibillionaires. Europe’s richest man Bernard Arnault’s net worth fell from $200.7 billion to $193.8 billion as shares of his luxury empire LVMH declined, Mexico’s wealthiest person Carlos Slim Helu’s fortune sank from $105.3 billion to $91.4 billion as shares of his telecommunications colossus slipped, Nike cofounder Phil Knight, whose net worth sank from $42.9 billion to $33.