Elon Musk’s Net Worth Takes A $100 Billion Hit For The First Time
November 22, 2022
According to Bloomberg Billionaires Index, Elon Musk has taken a $100 billion hit in 2022.
It is the first time that the world’s richest person lost over $100 billion in a year.
So far this year, Musk has lost $100.5 billion, mainly due to Tesla’s plummeting shares.
Elon Musk’s net worth had peaked at $340 billion in November last year.
The tech billionaire saw his net worth dip to its lowest point in 2022 at around $170 billion today.
Tesla shares also hit a two-year low this week.
Musk currently holds a 15% stake in Tesla.