Elon Musk’s Wealth Drops $15 Billion as Tech Stocks Plunge

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By Scott Carpenter

December 3, 2021 at 10:25 PM UTC

This article is for subscribers only.

The richest U.S. tech moguls dropped tens of billions in collective wealth as technology stocks tumbled amid fears of inflation and economic tightening.

Elon Musk’s net worth fell by $15.2 billion on Friday -- the most among tech billionaires -- after Tesla Inc. shares extended losses. That leaves Musk’s fortune at $268.9 billion, which is still up 72% for the year, according to the Bloomberg Billionaires Index.