Elon Musk is the first person in the world to lose 200 billion dollars

Elon Musk In 2021, he became the second person in the world whose personal wealth exceeds 200 billion dollars. He months after Jeff Bezosthe founder and former CEO of Amazon, reached this great achievement.

Elon Musk was the richest person in the world until a month ago

The CEO of Tesla and SpaceX now holds another record: he is the only person in the world to lose $200 billion of his personal fortune.

Musk, who is now 51 years old and is busy managing several large companies at the same time, has faced a decline in wealth in recent months. Following the fall of Tesla shares, the value of Elon Musk’s assets decreased to 137 billion dollars. On November 4, 2021 (Aban 13, 1400), the value of Elon Musk’s wealth reached 340 billion dollars and never exceeded it. Musk was the richest person in the world until a month ago, until he changed his position to Bernard Arno handed over

to report BloombergElon Musk’s wealth is largely related to Tesla’s performance in the financial markets. The market value of the American car manufacturer reached one trillion dollars in 2021 and this company was able to record its name in history alongside Apple, Microsoft, Amazon and Alphabet. This achievement was recorded while Tesla’s electric vehicles occupied only a small part of the automotive industry.

Now that Tesla’s competitors have a stronger presence in the electric car market, the company has said goodbye to its shining days. In order to increase the number of its customers, Tesla, in a rare move, considered a discount of $7,500 for American buyers. At the same time, it is said that the production volume of Tesla cars in the big factory in Shanghai is decreasing.

As the pressure on Tesla mounts, Elon Musk spends a significant amount of time on Twitter. A few months ago, he acquired the text-based social network by paying $44 billion. Since taking over Twitter, Musk has turned the platform upside down.

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The value of Tesla shares experienced a strange drop in 2022. Surveys show that Tesla has lost 65% of its market value in just one year.

Musk sold billions of Tesla shares in 2022 to finance the acquisition of Twitter. Tesla stock is no longer Elon Musk’s largest asset, according to the Bloomberg Wealth Index. He now owns $44 billion in Tesla and $44.8 billion in SpaceX. According to financial documents, Elon Musk owns 42.2% of SpaceX shares.

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