Elon Musk: the first person to lose 200 billion dollars

Entrepreneur Elon Musk lost $200 billion, in part due to the loss in value of Tesla shares, Bloomberg reports. 

Billionaire Elon Musk has not started 2023 on the right foot, as Bloomberg reports, the Tesla CEO; Space X founder; and Twitter owner, becomes the first person in history to lose $200 billion. Musk thus sets a new record for wealth loss.

This lost money is more related to Teslaa shares than SpaceX shares. Tesla’s earnings have been cut by more than 50% and it has lost approximately 65% of the value of its shares in 2022, following the decision to sell a large number of shares to finance the purchase of Twitter.

Another of the reasons that have affected the businessman’s business is the high inflation that is shaking all countries in the world. Tesla’s dominant position in the electric car market is thus affected, a context that adds to the pressure from its competitors.

The 51-year-old’s net worth fell from $340 billion in November 2021 to $146 million, knocking him off the top spot on the list of the richest people in the world. Musk for his part is unconcerned, noting on his Twitter account that the company is “better than ever”.

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