Photo by Steve Jurvetson on Flickr.com
The wealth of Elon Musk, the richest person in the world, melted by $100 billion in 2022.
Famous billionaire Elon Musk has recently announced that he has bought social media giant Twitter and started working quickly.
The wealth of Elon Musk, the richest person in the world, saw a record decline in 2022. While Musk lost $100 billion, his net worth fell to $169.8 billion.
Elon Musk, the first person to lose $100 billion
This was the sharpest drop ever recorded in the Bloomberg Billionaires Index. Thus, Musk was recorded as the first person to lose $ 100 billion.
The unprecedented decline reflects Tesla, which makes up the bulk of Musk’s fortune, struggling with rising raw material costs and supply chain disruptions.
Shares of the electric car maker fell 6.8 percent to $167.87 at the close of Monday, hitting their lowest level since November 2020.