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Elon Musk makes history as the first person ever to LOSE $200 billion

By 01/01/2023 9:22 PMNo CommentsBy YidInfo Staff

Elon Musk has a long list of successes to his credit, including catapulting several forward-thinking technological businesses into the stratosphere.

Furthermore, he will be remembered for something he is undoubtedly less proud of, becoming the only person ever to lose $200 billion.

According to Bloomberg, Elon Musk passed the $200 billion mark in January 2021, months after Jeff Bezos.

He is the second person ever to reach that milestone.

The CEO of Tesla Inc. has now set a record for himself by being the first person in history to have their net worth reduced by $200 billion.

Due to concerns over disruptions in production, declining demand, and Musk’s alleged interest in running Twitter, Tesla’s stock price fell by 65% in 2022, costing the eccentric mega-billionaire a colossal portion of his wealth.

Amid Tesla’s stock price decline, Musk watched his $340 billion net worth plummet to $137 billion, a startling loss of $203 billion.

Even if we tried, most of us couldn’t lose $200 billion from our net worth, but Musk managed it.

He might want to consider other revenue streams.

However, the infamously obstinate Musk swears that everything is OK.

Tesla is operating more effectively than ever!

Musk tweeted this earlier in the month. “The Federal Reserve is not under our authority, and the main issue here is that.

 

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