Elon Musk, the wealthiest man who once reached a time high and became the first person to break the $300 billion fortune checkpoint, now brakes different records. He is currently the greatest fortune loser in modern history, as his wealth drops down by more than $200 billion.
2022 was not a good year for Elon Musk. He lost approximately $15 billion per month. The outlet Bloomberg is the first to release this report. Bloomberg has its focus on billionaires and their fortunes. The report states that Elon Musk lost more than $208 billion. To get a picture of how much money this is, we can compare it to the annual GDP of Greece. Or we can do it another way, this amount is more than what the second richest person in the world was worth.
Elon Musk Brakes Records – He Suffered The Greatest Fortune Loss In History
Elon Musk held first place on this list for a very long time. He once had $340 billion, more than anyone anytime had. Now, looking at the wealthiest people in the world list on Forbes, Elon Musk is in second place. He has a total net worth of $145 billion, while Bernard Arnault is worth $182 billion.
We can guess your initial thought on this. It is natural to think that his Twitter acquisition has something to do with this. However, you’d be very wrong. Quite on the contrary, the greatest factor for the drop in Elon Musk’s fortune is Tesla’s stock market price drop. The company that had its shares selling for $400 per share this time past year, now has a price of $120. This is a drop of more than 65%.
“Don’t worry too much about the craziness in the stock market.” – Elon Musk recently told his Tesla staff. “As we demonstrate continued excellent performance, the market will recognize that.”
However, people accuse him of neglecting Tesla for more than 5 months. People criticize him for focusing too much on Twitter, while not paying too much attention to Tesla, the company that makes most of his fortune.
Nevertheless, Elon Musk announced that he is already looking for a person that will exchange him as the CEO of Twitter. He announced that he is ready to step down once he finds someone who could run the company better than himself.
Elon Musk made this decision after being outvoted in his own poll. And we are aware that Elon Musk is a fan of polls. Many times in the recent past he made important decisions based on Twitter polls.
