Elon Musk becomes first person in history to lose $200 billion
South Africa-born Elon Musk is the first person in history to have lost $200 billion of his net worth. Ouch!
Elon Musk is the first person in history to have lost $200 billion of his net worth, according to the Bloomberg Billionaire Index.
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In November 2021, the South Africa-born Musk’s net worth reached its peak at $340 billion.
He held the title of the richest person in the world for a period that lasted more than a year.
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French business tycoon and co-founder of LVMH, Bernard Arnault, passed him last month.
Following the recent decrease in Tesla shares, Elon Musk’s net worth has plummeted to $137 billion. This includes a dramatic 11% drop in Tesla shares on December 27.
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In late October, Musk spent $44 billion to acquire social media service Twitter.
Elon Musk’s net worth has halved
Since he sold a big portion of his Tesla shares to help pay for the acquisition, the electric vehicle manufacturer is no longer his largest asset.
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Musk’s net worth has almost halved since 1 January 2022.
His current net worth of $137 billion is down $133 billion in the last 12 months.
Musk has lost more money than the third richest man in the world, India’s Gautam Adani, has to his name.
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Below, the Top 10 richest people in the world at the close of business on 30 December 2022.
