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Elon Musk Becomes First Person To Lose $200bn In History

Posted by Amarachi on Mon 02nd Jan, 2023 - tori.ng

Musk’s wealth reportedly plummeted to $137 billion following the recent decline in Tesla shares which includes a massive 11 per cent fall on 27th December.

Elon Musk

Elon Musk

Twitter boss, Elon Musk, has lost his title as the world's richest man after he became the first person to lose $200 billion from his net worth in human history.

According to Bloomberg Billionaire Index, Musk was the second person with over $200 billion of personal fortune after Amazon’s Jeff Bezos.

Musk’s wealth reportedly plummeted to $137 billion following the recent decline in Tesla shares which includes a massive 11 per cent fall on 27th December.

Tesla is now offering consumers in the United States a $7,500 discount for its two highest-volume models before year-end.

Recall that Musk’s fortune topped $340 billion in November 2021, which made him the world’s richest person for more than a year at a stretch.

The new Twitter owner was overtaken in December 2022 by Bernard Arnault, the French business magnate and co-founder of luxury goods powerhouse LVMH.



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