Elon Musk Networth Loss: If there is a person who has been in the most discussion in the last year, then he is Elon Musk. Where he achieved the status of the world’s richest person in the beginning of this year, in the same year, he remained in the discussion about the takeover of Twitter. As far as wealth is concerned, from becoming the highest earning person to losing the most wealth in any one year, he has also been the same person. Here you are being given all the information about the loss of their property.
Elon Musk holds another sad record
Elon Musk has become the first person in the world to lose $ 200 billion in wealth in a single year. This has happened for the first time in history that such a huge decline has been seen in the property of a rich person. After the recent decline in Tesla shares, Elon Musk’s total net worth has come down to $ 137 billion. Whereas in January 2021, Elon Musk’s personal net worth had exceeded $ 200 billion and in the same year, Musk’s net worth had reached above $ 300 billion.
Elon Musk lost $200 billion in a year
In November 2021, Elon Musk’s wealth had come down to $ 340 billion and now by the end of 2022, he has lost $ 200 billion. According to the Bloomberg Billionaire Index, since November 2021, till the end of last year, Elon Musk remained the richest man in the world, but now he has lost this position. He was the richest man in the world for more than a year, but last month French business tycoon and LVMH founder Bernard Arnault overtook Elon Musk and became the world’s richest man.
Why did Elon Musk’s net worth fall so much?
According to the data, on December 27, the shares of Elon Musk’s company Tesla fell by 11 percent, Elon Musk announced a discount of $ 7500 on the prices of his two most popular models of Tesla. Apart from this, according to a report, Elon Musk has sold Tesla’s shares worth $ 40 billion i.e. about Rs 3.3 lakh crore so far in a year. Therefore, continuous decline is also being seen in Musk’s net worth. Elon Musk sold shares of his other company Tesla to buy Twitter, after which there was a huge reduction in his company and his own net worth. Tesla shares have fallen more than 65 percent this year. Tesla’s shares were around $ 400 in the beginning of 2022, which have now reached near $ 125.
Became the richest person in the world leaving behind Jeff Bezos
Talking about the past, when Elon Musk had achieved the title of the world’s richest person, in the same sequence, he had left behind the richest person of that time and Amazon founder Jeff Bezos.