- Elon Musk’s prosperity has fallen $100.5 billion so significantly in 2022, per Bloomberg Billionaires Index.
- Even so, Musk is even now the world’s richest human being with a fortune of $169.8 billion.
- Musk has Tesla’s nosediving share selling price to thank for his declining prosperity.
Elon Musk, the CEO of Tesla, SpaceX and now Twitter, has found his wealth plunge virtually $100 billion this yr, the steepest fall ever noted on Bloomberg Billionaires Index.
The 51-12 months-old’s web worth — which peaked at $340 billion in November past year — took a nosedive on Tuesday to its most affordable issue in 2022 at about $170 billion, right after Tesla shares hit a two-yr small on Monday, Bloomberg described.
Musk holds an all over 15% stake in Tesla and the decrease in the electric powered auto maker’s inventory cost on Monday shaved about $8.6 billion off Musk’s wealth in just just one day.
The tech mogul attracts most of his wealth from the stocks and ownership of Tesla, SpaceX, and most not long ago Twitter, per Bloomberg. Tesla shares have plummeted around 58.03% calendar year to day.
Even so, Musk remains the world’s richest human being, as his net well worth conquer that of runner-up Bernard Arnault — the chairman of the world’s premier maker of luxury merchandise, LVMH Moet Hennessy Louis Vuitton — by roughly $13 billion, for each the Bloomberg Billionaires Index.
In accordance to the similar index, Musk’s web worth also eclipses that of Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates, by around $54 billion and $57 billion, respectively.
Tesla’s stock selling price has been below tension this 12 months amid a wide selloff in the tech marketplaces thanks to considerations of an financial downturn and on the back of the Federal Reserve’s aggressive interest amount hikes.
Traders are also apprehensive about Tesla’s business enterprise in China, amid the country’s rigorous Covid-zero stance and regardless of whether Musk is equipped to concentrate on his function as Tesla CEO soon after acquiring Twitter for $44 billion.
Both of those Musk and Tesla did not right away reply to Insider’s requests for comment.
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- Elon Musk’s prosperity has fallen $100.5 billion so significantly in 2022, per Bloomberg Billionaires Index.
- Even so, Musk is even now the world’s richest human being with a fortune of $169.8 billion.
- Musk has Tesla’s nosediving share selling price to thank for his declining prosperity.
Elon Musk, the CEO of Tesla, SpaceX and now Twitter, has found his wealth plunge virtually $100 billion this yr, the steepest fall ever noted on Bloomberg Billionaires Index.
The 51-12 months-old’s web worth — which peaked at $340 billion in November past year — took a nosedive on Tuesday to its most affordable issue in 2022 at about $170 billion, right after Tesla shares hit a two-yr small on Monday, Bloomberg described.
Musk holds an all over 15% stake in Tesla and the decrease in the electric powered auto maker’s inventory cost on Monday shaved about $8.6 billion off Musk’s wealth in just just one day.
The tech mogul attracts most of his wealth from the stocks and ownership of Tesla, SpaceX, and most not long ago Twitter, per Bloomberg. Tesla shares have plummeted around 58.03% calendar year to day.
Even so, Musk remains the world’s richest human being, as his net well worth conquer that of runner-up Bernard Arnault — the chairman of the world’s premier maker of luxury merchandise, LVMH Moet Hennessy Louis Vuitton — by roughly $13 billion, for each the Bloomberg Billionaires Index.
In accordance to the similar index, Musk’s web worth also eclipses that of Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates, by around $54 billion and $57 billion, respectively.
Tesla’s stock selling price has been below tension this 12 months amid a wide selloff in the tech marketplaces thanks to considerations of an financial downturn and on the back of the Federal Reserve’s aggressive interest amount hikes.
Traders are also apprehensive about Tesla’s business enterprise in China, amid the country’s rigorous Covid-zero stance and regardless of whether Musk is equipped to concentrate on his function as Tesla CEO soon after acquiring Twitter for $44 billion.
Both of those Musk and Tesla did not right away reply to Insider’s requests for comment.
