- Tesla founder and CEO Elon Musk has seen his wealth plummet by some $80 billion this year, thanks in part to a 20% decline in his electric-vehicle company’s stock. Now, just $60 billion separates Musk from Oracle’s Larry Ellison—and another Tesla tumble could see Musk dethroned as the world’s richest man.
Elon Musk claims to have slashed billions of dollars worth of wasteful spending during his time as head of the Department of Government Efficiency (DOGE)—but his controversial role may have done more damage to his pocketbook than he anticipated.
