Elon Musk Becomes First Person To Lose $200 Billion

Bloomberg News reports:

Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has now achieved a first of his own: becoming the only person in history to erase $200 billion from their net worth.

Musk, 51, has seen his wealth plummet to $137 billion after Tesla shares tumbled in recent weeks according to the Bloomberg Billionaires Index. His fortune peaked at $340 billion on Nov. 4, 2021, and he remained the world’s richest person until he was overtaken this month by Bernard Arnault.

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Elon Musk’s wealth wipeout hit a new milestone this week. He became the first person ever to lose $200 billion https://t.co/Aav3x5ZQCq

— Bloomberg (@business) December 30, 2022