signalmankenneth
Verified User
Couldn't happen to a nicer prick too?!!
Billionaire’s fortune has fallen by $200bn, roughly equivalent to the GDP of Greece
Elon Musk has seen his net worth plummet by more than $200 billion over the last 13 months, marking the biggest loss of wealth in modern history.
The tech billionaire lost more than half of his fortune between November 2021, and December 2022, according to the Bloomberg Billionaires Index, largely due to the collapse of Tesla stock during that time.
The $208 billion wiped from Mr Musk’s net worth is roughly equivalent to the annual GDP of Greece.
The amount lost is also more than the total net worth of the current world’s richest person, Bernard Arnault.
After topping the rich list for most of the year, Mr. Musk lost his place to the French business magnate earlier this month, though remains ahead of other US tech billionaires that have dominated the list in recent years.
Mr Musk’s net worth peaked at $338 billion in November 2021, according to the Bloomberg Billionaires Index, coinciding with the fortunes of Tesla.
The electric car maker has lost roughly 70 per cent of its value in 2022 following production delays in China, vehicle recalls, and concerns among investors that its CEO has been distracted by his new role as head of Twitter.
Tesla’s market cap is down by nearly $900 billion since November 2021, causing it to drop out of the top 10 most valuable companies.
https://news.yahoo.com/elon-musk-net-worth-collapse-172341600.html
Billionaire’s fortune has fallen by $200bn, roughly equivalent to the GDP of Greece
Elon Musk has seen his net worth plummet by more than $200 billion over the last 13 months, marking the biggest loss of wealth in modern history.
The tech billionaire lost more than half of his fortune between November 2021, and December 2022, according to the Bloomberg Billionaires Index, largely due to the collapse of Tesla stock during that time.
The $208 billion wiped from Mr Musk’s net worth is roughly equivalent to the annual GDP of Greece.
The amount lost is also more than the total net worth of the current world’s richest person, Bernard Arnault.
After topping the rich list for most of the year, Mr. Musk lost his place to the French business magnate earlier this month, though remains ahead of other US tech billionaires that have dominated the list in recent years.
Mr Musk’s net worth peaked at $338 billion in November 2021, according to the Bloomberg Billionaires Index, coinciding with the fortunes of Tesla.
The electric car maker has lost roughly 70 per cent of its value in 2022 following production delays in China, vehicle recalls, and concerns among investors that its CEO has been distracted by his new role as head of Twitter.
Tesla’s market cap is down by nearly $900 billion since November 2021, causing it to drop out of the top 10 most valuable companies.
https://news.yahoo.com/elon-musk-net-worth-collapse-172341600.html