Tesla CEO Elon Musk Becomes First Person In History To Lose $200 Billion

Billionaire CEO of Tesla Elon Musk becomes first person in history to lose $200 billion off his net worth.

Musk lost $200b off his net worth, after topping at $340b in November 2021 to become the wealthiest man.

He is now worth $140 billion following the decline in the shares of the all-electric car maker in recent week.

Musk has now been eclipsed by 73-year-old French billionaire Bernard Arnault as the wealthiest person.

Arnault, the CEO and Chair of LVMH (Moët Hennessy Louis Vuitton), has a net worth of $179.1 billion.

Billionaire CEO of Twitter, SpaceX and Tesla, Elon Musk, has set unwanted record after becoming the first person in history to lose $200 billion off his net worth.

Bloomberg Billionaire’s Index shows that Musk has lost $200 billion off his net worth, after topping at $340 billion in November 2021 to become the wealthiest man.

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But Musk did not last long as the world’s richest person following the decline in Tesla shares in recent week. This includes a massive 11 percent fall in the shares of Tesla on December 27 and a 65% fall in 2022, forcing Musk to tell Tesla employees that they should “not be too bothered by stock market craziness.”

Musk has now been eclipsed by 73-year-old French billionaire Bernard Arnault as the wealthiest person. Arnault, the CEO and Chair of LVMH (Moët Hennessy Louis Vuitton), has a net worth of $179.1 billion.

The world’s richest people lost about $1.4 trillion in 2022, led by Elon Musk, Jeff Bezos, Changpeng Zhao and Mark Zuckerberg, according to Bloomberg Billionaire’s Index.

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