After acquiring Twitter for $44 billion, Elon Musk loses $200 billion of his net worth, after his Tesla shares declined, according to Bloomberg.
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American billionaire Elon Musk
Elon Musk, CEO of Tesla, is the second person ever to have accumulated a personal fortune of more than $200 billion, as he passed this level in January 2021, months after Jeff Bezos.
But now, Elon Musk has become the first person, and the only person in history, to lose $ 200 billion of his net worth, according to the American “Bloomberg” agency.
The US billionaire’s wealth, which currently stands at nearly $137 billion, has seen a sharp decline, after Tesla shares plunged in recent weeks, dropping 11% last Tuesday.
Musk’s wealth peaked at $340 billion on November 4, 2021, and he remained the richest person in the world until the French billionaire, Bernard Arnault, overtook him in December 2022, who is behind the luxury goods company Louis Vuitton.
The value of the Tesla company decreased by about 65% in 2022, or $ 700 billion, after it exceeded a trillion dollars in October 2021. Musk also sold many of his shares in the electric car maker (Tesla) to finance Twitter acquisition deal.
In late December, Twitter has added a new featurewhich is the counter of views of the tweets posted.
Musk caused a lot of controversy after his acquisition of Twitter, for $ 44 billion, and the last thing he raised Closure of journalists’ accounts on “Twitter” Because of their criticism of him, a move that provoked Serious concerns with the United Nations.