No one has earned or misplaced extra of their fortune than Tesla and Twitter CEO Elon Musk. The 51-year-old entrepreneur recorded an unprecedented $200 billion loss in wealth since November 2021, based on the Bloomberg Billionaires Index.
Musk was reportedly price $340 billion 14 months in the past. He is now valued at $137 billion, which additionally value him the excellence of being the world’s richest particular person. That title now belongs to French life-style model chairperson Bernard Arnault, who’s price $162 billion.
Forbes dropped Musk from the highest spot in its billionaire rankings in December.
Musk, who operates the electrical automotive firm Tesla and aeronautics business SpaceX, for $44 billion in October following a chronic flirtation courting again to April. It coincided with an ongoing depreciation in Tesla inventory worth that doesn’t imagine is coincidental.
Musk joked about shedding cash on Twitter in November.
“How do you make a small fortune in social media?” “Start out with a big one.”
The billionaire entrepreneur has used the platform to advance his politics, which has made him largely unpopular with progressives who are usually supportive of companies like Tesla that promote various power.
Tesla recorded a 65% drop in inventory worth in 2022, capped off by a 44% plummet in December. Even Musk of {dollars} in shares of the corporate as he continues efforts to make Twitter worthwhile.
Amazon founder Jeff Bezos turned the primary particular person to change into price greater than $200 billion in April 2021. Bloomberg places him at $107 billion. Musk is the one different particular person to have reached the $200 billion plateau.
He welcomed the brand new 12 months Sunday on Twitter.
“One thing’s for sure,” Musk predicted. “It gained’t be boring.”
