technology

Elon Musk becomes the first person in history to lose $200 billion of his fortune


It does not seem that the past year was the greatest year for Elon Musk after it was revealed that he lost $ 200 billion of his fortune. For four years, Musk held the title of the richest man in the world after surpassing Jeff Bezos of Amazon.

Elon Musk slipped in the rankings and lost his title as the world’s richest person to fashion giant Bernard Arnault, according to real-time wealth tracker from Forbes, at the end of 2022, but the value of the president remains. Tesla And the SpaceX And the Twitter It’s about $140 billion.

Things appeared to take a turn for the worse after he bought Twitter for $137bn (£165bn) and his stake in Tesla plummeted, as he sold musk Nearly $40 billion in shares Teslawhich left investors unhappy, according to the newspaper “Metro”.

Musk first appeared on the Forbes list of billionaires in 2012 with an estimated net worth of $2 billion, currently SpaceX It is his most valuable company with $44.8 billion in stock.

Progress Tesla American buyers get a $7,500 discount on some of its models, and the company is said to be cutting production at its Shanghai facilities. In return, the billionaire asserts that Tesla is “doing better than ever” and blames the Federal Reserve for raising interest rates.

Beside Tesla And the Twitter where management attracts musk And his tweets political attention and reactions, he also heads up the rocket company SpaceX And the Neuralinka startup developing interfaces to connect the human brain to computers.

Musk isn’t the only tech billionaire whose fortune is shrinking, as the tech moguls collectively lost £344 billion in 2022.

Bezos lost $84bn (£70bn) and lost Mark Zuckerberg from Facebook, who is pushing ahead with plans to formMetaverse “81 $1 billion (£67 billion).

While Zuckerberg used to be consistently ranked in the 10 richest people on the planet, he’s now nearly 25th.

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