Elon Musk Net Worth 2024: Is his worth going up or down with Twitter and Tesla?

Elon Musk was already the wealthiest person at the start of 2023, he had just bought the Twitter platform that he renamed as X. When that happened, he was at $340 billion as the wealthiest individual in the world who wasn't some type of royalty member. Musk reportedly paid $44 billion for Twitter and that number went down to $296 billion. But in a recent call with his Tesla stock holders, the company reported alarming losses that have been consistent for months. Not only did Elon Musk lost $44 billion from his purchase od Twitter but he also lost multiple of the biggest sponsors in the world. All of that combined plus many troubling reports of his Tesla vehicles malfunctioning have brought down Elon Musk's fortune considerably.

How much is Elon Musk worth in 2024?

According to Forbes, Elon Musk has already lost over $200 billion of his fortune since 2019. At a certain point during that year, Musk was nearly topping a whopping $400 billion net worth. However, things have definitely gone downhill for him ever since. Despite still being one of the wealthiest individuals in the world, Musk has reportedly lost nearly $200 billion of his entire net worth. This leaves him with an estimated $193 billion net worth as of January 2024. Currently, he is the individual inside the Forbes list of wealthiest people who has lost the biggest amount of fortune in the shortest amount of time in world history.

But none of that seems to matter for Elon Musk, who has been trying to remain a champion for free speech in America in his own way. Although his X platform made a drastic turn from a reliable source of information to arguably the biggest safe haven for conspiracy theorists there is right now. Despite this drastic change, the X platform has been the one iwth the most impressive growth in terms of engagement and traffic out of all other social media platforms that exist.