After acquiring Twitter for $44 billion, Elon Musk loses $200 billion of his net worth, after his Tesla stock declines, according to Bloomberg.
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American billionaire Elon Musk
Elon Musk, CEO of Tesla, is the second person ever to have amassed a personal fortune of more than $200 billion, surpassing this level in January 2021, months after Jeff Bezos.
But now, Elon Musk has become the first person, and the only one in history, to lose $200 billion of his net worth, according to the US agency “Bloomberg”.
The US billionaire’s fortune, which currently stands at nearly $137 billion, has seen a steep decline, after Tesla shares tumbled in recent weeks, shedding 11% on Tuesday.
Musk’s wealth peaked at $340 billion on Nov. 4, 2021, and he remained the world’s richest person until French billionaire, Bernard Arnault, surpassed it in December 2022, which stands behind the company. Louis Vuitton luxury goods.
Tesla’s value is down about 65% in 2022, or $700 billion, after passing $1 trillion in October 2021. Musk has also sold many of his shares in the electric car maker (Tesla) to finance Twitter Acquisition Agreement.
At the end of December, Twitter has added a new featurewhich is the counter of views of posted tweets.
Musk caused a lot of controversy after his $44 billion takeover of Twitter, and the last thing he raised Closure of journalists’ accounts on ‘Twitter’ Due to their criticism of her, a move she provoked Serious concerns with the United Nations.
