Elon Musk The First Person In The World To Lose $200 Billion In Net Worth – Explained!

If you’ve misplaced cash in shares not too long ago, learn this. Tesla and Twitter CEO Elon Musk turned the primary particular person to lose $200 billion of his web value, and he nonetheless cracks jokes on the microblogging platform. According to a Bloomberg report, Musk has now seen his wealth plummet to $137 billion after a current drop in Tesla shares.

Elon Musk the primary particular person on the earth to lose $200 billion in web value

Shares in his electrical automobile firm are down almost 65 p.c. In January 2021, Musk turned the world’s richest particular person for the primary time, with a web value of greater than $185 billion.

Musk noticed his fortune peak in November 2021, reaching $340 billion, earlier than an enormous drop.

Last month, he was succeeded by Bernard Arnault, chief government of luxurious model Louis Vuitton’s mum or dad firm LVMH, because the world’s richest man.

The Tesla CEO’s wealth additional deteriorated after he purchased Twitter for a whopping $44 billion.

On Monday, when a follower tweeted that “you worked hard this year and lost over 200 billion and this year you will outdo yourself with even worse decisions,” Musk replied: “Thanks for paying me $8.” Another follower posted: “If you’re having a bad year because you lost a lot of money in the market, remember that Elon Musk has lost $200 billion and is still making jokes on Twitter.”

Musk has admitted to having an excessive amount of on his plate and is in search of a brand new Twitter CEO.

Meanwhile, Tesla additionally introduced a worth drop on a number of of its fashions, providing a $7,500 low cost on its Model 3 and Model Y automobiles, in a bid to promote extra automobiles.

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[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]

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