Elon Musk sets a record in losing networth
CEO of Tesla & Twitter becomes 1st person in world to lose $200 bn in net worth that eventually propelled him to lose world’s richest person tag to Bernard Arnault in last Dec: Report
image for illustrative purpose
Under The Weather
- Musk became world's richest man in Jan 2021
- During his fortune peak in Nov 2021, Musk's networth was $340bn
- Tesla scrip fell 65%
- Musk networth at $137bn now
San Francisco: If you have lost money in shares recently, read this. Tesla and Twitter CEO Elon Musk has become the first person ever to lose $200 billion from his net worth, and is still making jokes on the micro-blogging platform.
According to a Bloomberg report, Musk has now seen his wealth drop to $137 billion following a recent drop in Tesla shares. The shares of his electric car company are down nearly 65 per cent.
In January 2021, Musk became the richest person in the world for the first time, with a net worth of more than $185 billion. Musk saw his fortune peak in November 2021, hitting $340 billion, before a massive drop.
Last month, he was replaced by Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, as the world's richest man. The Tesla CEO's wealth eroded further after he bought Twitter for a whopping $44 billion.
