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2022 didn’t treat Elon Musk well: Musk became the largest wealth-losing person in recent memory

  • January 4, 2023
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If there is anyone who will mark the year 2022, it is this person. Elon Musk we can say. The famous billionaire, whose process of buying Twitter was

2022 didn’t treat Elon Musk well: Musk became the largest wealth-losing person in recent memory

If there is anyone who will mark the year 2022, it is this person. Elon Musk we can say. The famous billionaire, whose process of buying Twitter was on the agenda of the entire world, raised several issues such as exposing corruption of Twitter’s former administration.

These agendas, of course, belong to the billionaire’s assets, net assets and had no positive effect on their companies’ stocks. On the contrary, it applied a heavy negative and Musk became the owner of the most undervalued companies in modern history.

Elon Musk has lost more than $200 billion in net worth in the past 13 months

Musk’s fortune exceeded $350 billion. (Source: Bloomberg Billionaire Index)

In early 2022, shares of Musk’s company Tesla suffered a major drop in value when he came up on the agenda with his desire to buy Twitter and back out of the deal. Later, after it bought Twitter, major companies stopped advertising on Twitter.

As a result of all this, Musk became the most wealth-loser in recent memory. The famous billionaire has lost more than $200 billion in net worth in the past 13 months. In fact, about $208 billion that Musk lost, It is almost equal to the gross domestic product of Greece.

Bernard Arnold

The amount Musk lost is also the richest person in the world at the same time. by Bernard Arnault more than net worth. How big is Musk? to wealth imagine you have it.

Musk, who had topped the list of the richest people in the world for most of the year, dropped to 2nd after this loss. Bernard Arnault, the current CEO of LVMH, has a net worth of $178.1 billion. Elon Musk has a net worth of $145.5 billion.

Do you think the famous billionaire can recover from here and take his wealth to the top as before? Please don’t forget to share your thoughts with us in the comments.

Source: Web Tekno

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