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.