Tesla owner Elon Musk was the second person to earn a personal fortune of more than $200 billion. Prior to this, in January 2021, Amazon founder Jeff Bezos' net worth exceeded $200 billion.
Musk, 51, has seen his wealth drop by $137 billion in recent weeks after Tesla shares tumbled, including Tuesday's 11 percent drop, according to the Bloomberg Billionaires Index. On November 4, 2021, his wealth reached $340 billion and he remained the richest person in the world until this month, but was overtaken by French tycoon Bernard Arnault, owner of luxury goods powerhouse LVMH.
Elon Musk's decline in wealth is largely due to the rapid decline in the value of Tesla's shares. In October 2021, Tesla's value exceeded one trillion dollars (one thousand billion dollars), but during this year, due to competition with other companies that make electric cars, the value of Tesla's shares has decreased by 65%. Due to this, Elon Musk's wealth has also decreased rapidly and he has become the first person in the world to lose more than 200 billion dollars.
According to the Bloomberg Billionaires Index, Elon Musk's total assets are currently $137 billion and he has lost $203 billion since reaching his top position. During 2022 alone, Elon Musk's assets decreased by more than $133 billion.
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