According to Bloomberg, Elon Musk is the only individual to ever see $200 billion of his net worth disappear. The 51-year-wealth old's peaked at $340 billion in november 2021, and until bernard arnault passed him earlier this month, he was the world's richest man. His current net worth is $137 billion. As tesla stock fell this year, his wealth shrunk. 


As rivals catch up, Tesla's leadership in electric vehicles, which served as the basis for its high valuation, is now in peril. Musk has been focused with Twitter, which he bought for $44 billion in late October, in the meanwhile as pressure on tesla grows. Before the end of the year, tesla is now providing customers in the US with a $7,500 discount on its two most popular models. Additionally, it is said to have decreased production at its shanghai plant. 

The peak of Musk's wealth was $340 billion in november 2021. After then, he held the title of richest person in the world for several months in a row. The co-founder of the dominant luxury goods company LVMH and French businessman bernard arnault then passed him last month. Bloomberg noted a recent podcast interview by billionaire entrepreneur Elon Musk, in which he was heard cautioning listeners against the risks of borrowing money during a tumultuous market period.

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G GOWTHAM

31/12/2022 01:03 PM