Just over a year ago, the South African’s fortune was around $320 billion (295 billion francs). The “Times” named him “Person of the Year”, Tesla shares cost 356 francs at their peak. Then the crash followed, in 2022 Tesla lost $700 billion in market value (645 billion francs). Accordingly, Elon Musk’s fortune shrank. Musk has thus lost more than three times as much money as the previous record holder, the Japanese investor Masayoshi Son. His asset loss in 2000 was “only” 58 billion dollars (53 billion francs). Musk also lost the title of “Richest Person in the World” as a result of the failure. The Frenchman Bernard Arnault (73, CEO of Louis Vuitton, among others) now holds it.
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