The US Bloomberg Agency said that Elon Musk was the second person ever to collect a personal fortune of more than $ 200 billion, exceeding this amount in January 2021, months after Amazon founder Jeff Bezos reached it.
But now, Musk, CEO of Tesla and SpaceX companies, has become the first person in history to lose $200 billion of his net worth.
Musk, 51, has seen his net worth drop to $137 billion after Tesla shares tumbled in recent weeks, including an 11% drop on Tuesday, according to the Bloomberg Billionaires Index.
His fortune peaked at $340 billion on November 4, 2021, and he remained the richest person in the world until he was overtaken this month by French billionaire Bernard Arnault.
This shift reflects the extent to which Musk rose during the period of rise in asset prices during the easy money period during the Corona epidemic.
As Tesla's market value exceeded $1 trillion for the first time in October 2021, joining other major technology companies such as Apple, Microsoft, and Amazon.
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