Elon Musk becomes the first person in history to lose 200 billion

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Elon Musk becomes the first person in history to lose 200,000 million

Elon Musk has made history again, but for the worse. The tech mogul has become the first person in history to lose $200 billion. This 2022, the controversial businessman has seen how his net worth has plummeted, going from the maximum of 340,000 million that he reached in 2022. in November 2021 to the current 137,000 million.

Musk, 55, started out. I spent the year being the richest person in the world. This allowed him to buy Twitter for $44 billion. However, his constant polemics since he took office. The reins of the social network last October ended up having a direct impact on the valuation of Tesla, the electric vehicle company that also ;n leads. Last year, the stocks Tesla's shares fell almost 70%, accumulating a 37% drop in December alone.

Most of Musk's wealth is not physical money, but comes from the value of companies what commands This setback in valuation meant that in mid-December Musk ceased to be the richest man on the planet, being dethroned by the French businessman Bernard Arnault., owner of the LVMH fashion and cosmetics empire that includes brands such as Louis Vuitton and Sephora.

SpaceX, his greatest asset

Despite his mammoth fortune, Musk he needed He sold Tesla stock to fund his purchase of Twitter, despite repeatedly promising never to. The reduction of its participation in Tesla also contributed to the decline. He was forced to lower the valuation of the company, which skyrocketed.

All of that has made Tesla no longer available during the pandemic years. not be Musk's greatest asset, but SpaceX. Thus, the tycoon owns about 44,800 million dollars in shares of his space exploration company, while his participation in Tesla is estimated at about 44,000 million, according to or, according to the index Bloomberg Wealth Index.