Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Chris Katje

Elon Musk Lost $48 Billion This Year—But He's Still As Rich As Mark Zuckerberg And Bill Gates Combined

Elon Musk

It's been a busy and rough year for Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk. Working with the White House administration under President Donald Trump may be hurting the billionaire's wealth thanks to a declining Tesla share price, but he remains the world's richest person.

What Happened: Musk was briefly passed by Oracle Corporation (NYSE:ORCL) co-founder Larry Ellison for the title of richest person in the world on Wednesday, with shares of the software company soaring.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.