Elon Musk becomes first person ever to lose $200 billion

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According to Bloomberg Billionaires Index Tesla Chief Elon Musk became the only person in history to lose $200 billion from their net worth.

Important facts

  • 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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