Elon Musk is the first to see his net worth drop by $200 billion.
In January 2021, Musk surpassed Jeff Bezos to become the second person in history to accumulate a wealth of more than $200 billion. Musk’s net worth has decreased to $137 billion due to a recent decline in Tesla stock.
Before last month, Musk was the wealthiest person on earth. His wealth peaked in November 2021 at $340 billion. Bernard Arnault, the CEO of French luxury conglomerate LVMH, ultimately surpassed him.
Since December 30, Tesla stocks have fallen by 65%, and the company is offering a $7,500 discount on its Model 3 and Model Y vehicles.
Many claims that Musk’s Twitter takeover in October was the cause of Tesla’s disappointing year and that he has since been overly preoccupied with the social media platform.
Recently, Musk has admitted to having too much on his plate and hinted at finding a new Twitter CEO.
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