Jakarta –
Elon Musk not anymore the richest man in the world. Indeed, not only that, the decline in the amount of wealth from the captain of Tesla, SpaceX to Twitter is the highest in world history.
As mentioned detikINET by NZHerald, South African-born man lost an estimated $200 billion or more than IDR 3.1 trillion of his wealth on Monday (2/1/2023). This has happened over the past 14 months according to data from the Bloomberg Billionaires Index.
Well, the decline in wealth of that size is said to be the largest in the history of this world. This means that no one else has experienced greater depreciation than Elon Musk before.
In November 2021, during the peak in stock prices during the Corona pandemic, Elon Musk became the richest man in history. At the time, his wealth was estimated at $340 billion.
Currently, his wealth is only $137 billion, missing half of his heyday. He is no longer the richest man beaten by French fashion mogul Bernard Arnault.
Elon Musk’s wealth, like other billionaires’, is closely related to their ownership of shares in the companies they control. Well, most of Elon Musk’s wealth comes from his shares in Tesla.
The problem is, after soaring so high, Tesla’s stock price has dropped dramatically due to several factors. Last year, shares of the electric car company fell 65%.
At its peak in October 2021, Tesla’s market cap was over $1 trillion, which placed it as a very elite company because so few could match that valuation. Now, Tesla’s valuation is about $385 billion, bringing in wealth Elon Musk fell with him.
(fyk/fay)
:quality(50)/cloudfront-us-east-1.images.arcpublishing.com/semana/BQTN5AKKOFADHGCQ736A7EDRX4.png "Mia Khalifa goes around social networks with dances and songs to the rhythm of Karol G")
