Elon Musk becomes first person ever to lose $200 billion
According to Bloomberg Billionaires Index Tesla Chief Elon Musk became the only person in history to lose $200 billion from their net worth.
Musk, who recently acquired the micro-blogging platformTwitter for $44 billion, was the second person to amass over $200 billion after Jeff Bezos.
After the acquisition, Musk had a takeover of Twitter, resulting in a loss of Tesla shares.
According to the Bloomberg Billionaires Index, Musk's wealth declined to $137 billion. Musk also sold several Tesla shares throughout the year.
Currently, Musk's stake in his Space Exploration Technologies Corp. is valued at $44.8 billion, which is higher than his roughly $44 billion position in Tesla stock (he still has options worth an estimated $27.8 billion).
Elon Musk became the richest person in the world when his wealth reached $340 billion on November 4, 2021.
He lost the title to French fashion and cosmetics magnate Bernard Arnault in early December 2022.
Who is Elon Musk?
He is the charismatic chief executive officer (CEO) of electric car maker Tesla and rocket manufacturer SpaceX.
Musk completed the deal to buy Twitter in October 2022, becoming the owner of the social media company.
Born and raised in South Africa, Musk spent time in Canada before moving to the United States.
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