The biggest loss on the wealth index.. Elon Musk loses $170 billion in a year

Elon Musk, the richest man in the world, lost $ 170 billion of his wealth in just one year, which is the largest loss for a person on the wealth index..

According to Al Ain news website, Elon Musk’s wealth last November 2021 amounted to about $340 billion, according to the Bloomberg Billionaires Index, before it fell to $170 billion on Tuesday, November 22, 2022, andThus, the net loss of Musk’s wealth for about a year, last November, would be 50%, or the equivalent of $170 billion..

Since the beginning of this year 2022, the American billionaire has lost an estimated amount of $ 101 billion, according to the Bloomberg Billionaires Index..

Despite Musk losing this huge amount, which represents half of his wealth a year ago, he is still the richest person in the world with an estimated net worth of $170 billion, according to the Bloomberg Billionaires Index, as of Tuesday, November 22, 2022..

Musk’s losses continued in 2022 as a result of the decline in the shares of his company, Tesla electric cars, to their lowest level in two years, in addition to the recent crises in which the American billionaire entered, the latest of which was the Twitter purchase deal and the problems that accompanied it and are still raging within the atmosphere of the famous social networking platform..

Tesla, the electric car maker, has lost almost half of its market value, and Musk’s net worth has fallen by $70 billion since he made an offer to buy Twitter last April..

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