Elon Musk, the most talked about name in recent years. The 52-year-old famous billionaire managed to remain the richest person in the world for a while. He even managed to become the first person to cross the $300 billion mark in 2021. Musk’s wealth came from many different companies such as SpaceX, Tesla and Neuralink.

However, the billionaire entrepreneur’s net worth has declined significantly in recent months. drop showed. The biggest source of this decline was the drop in Tesla shares.

Musk’s fortunes have fallen by almost half since November 2021

According to Bloomberg’s Billionaires Index, Elon Musk’s net worth currently stands at $178 billion. When it peaked in November 2021, this number had risen to $340 billion. So about two and a half years $162 billion, down 47.64% lost.

The main reason for this decline is the recent continued decline in Tesla stock. The company’s shares, currently trading at $157, are expected to rise in 2021. It was $415. this too 62% represents a decline. The electric car giant’s market value has fallen from $1.2 trillion to $492 billion. Musks 13% Tesla shares If he has it, his wealth will sink to the bottom.

Actually, Musk didn’t start this year badly. It reached its peak in January with a fortune of $229 billion. Since then, however, the company has lost $51 billion, putting it in third place. Bernard Arnault and Jeff Bezos The country is currently leading with 218 and 205 billion dollars. He has a fortune of $178 billion Mark Zuckerberg can top it anytime.

Tesla shares continue to fall as deliveries fall short of expectations

Tesla’s decline in recent months has been due to concerns about the company’s poor performance. So much so that the giant company lost more in the first three months of the year than the previous quarter. 20% fewer car deliveries carried out. There were also declines on the production side. In addition, the company laid off 10% of its employees and the departure of several major managers had a negative impact on the stock.

Of course, not all of Musk’s fortune depends on Tesla. It owns 42% of SpaceX, which is valued at $180 billion. It owns 79% of X, which is estimated to be worth $40 billion. However, most of his wealth comes from Tesla. We’ll wait and see what happens.