Elon Musk has become the only person in history to lose over $200 billion of his fortune

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Musk is worth $137 billion, according to the Bloomberg Billionaires Index.

The CEO of Tesla became the first and so far the only person in history to lose over $200 billion of his fortune. Musk is worth $137 billion, according to the Bloomberg Billionaires Index.

It is worth remembering that Elon Musk was the second person to amass a personal fortune of over $200 billion. The first was Jeff Bezos, founder of Amazon.com. At the same time, the peak value was on November 4, 2021, when Musk’s fortune reached $340 billion. He remained the richest man in the world for a year, until he was overtaken by the French magnate Bernard Arnault.

Tesla’s market cap first surpassed $1 trillion in October 2021, allowing it to join tech companies like Apple, Microsoft, Amazon.com and Alphabet. Now, Tesla’s dominance in electric vehicles is in jeopardy as competitors catch up.

Elon Musk
Elon Musk

The fall in Tesla shares this year has been very sharp, with Musk selling a lot of shares to cover his Twitter purchase. According to the Bloomberg Wealth Index, Tesla shares are no longer its biggest asset. Musk’s $44.8 billion stake in Space Exploration Technologies, which he owns, exceeds his $44 billion stake in Tesla shares.

Elon Musk is trying to allay concerns about Tesla. He recently sent out an email to employees in which he tried to convince them that Tesla would eventually become the most valuable company in the world.

As we reported , Elon Musk lost $140 billion in 2022, while Tesla shares collapsed by 68%.

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