According to the Bloomberg Billionaires Index, Elon Musk’s fortune decreased by $ 140 billion as a result of the fall in Tesla shares in 2022. Despite the sharp decline, Musk’s $130 billion fortune still makes him the second-richest person in the world as of December 28. First in line is businessman Bernard Arnault, co-founder and CEO of LVMH. His fortune is estimated at $163 billion. Indian businessman Gautam Adani ranks third with $116 billion.

According to analysts, Tesla shares continue to lose value, while Elon Musk’s total loss of wealth by the end of the year will be approximately $ 140 billion.

Earlier this year, Musk was firmly at the top of the list of billionaires, but the 68 percent drop in Tesla shares since the start of the year has paid off. Tesla shares have dropped 50% since Musk completed his $44 billion Twitter purchase at the end of October, compared to just 3% on the Nasdaq 100. Musk also sold billions of dollars worth of Tesla shares to fund the Twitter acquisition.

According to Bloomberg, Musk’s stake in SpaceX is currently his most valuable asset, valued at $47 billion. Meanwhile, Musk’s stake in Tesla is about $40 billion, and Tesla options are worth $28 billion, according to Bloomberg. The next most valuable asset Musk owns is Twitter, which Bloomberg estimates is worth $20 billion. Finally, Bloomberg estimated that Musk’s stake in The Boring Company was $3.3 billion.