Elon Musk became the first person in the world to lose $ 200 billion
Elon Musk, the owner of Tesla and Twitter, is the first individual in history to have lost $200 billion, according to the Bloomberg Billionaire Index. When he passed Amazon owner Jeff Bezos in January 2021, Musk’s personal wealth surpassed $200 billion. His net worth had surpassed $300 billion following this.
Musk's net worth fell to $ 137 billion
Musk’s overall net worth has decreased to $ 137 billion as a result of the recent decline in Tesla stock. The price of Tesla stock fell 11% on December 27. As of right now, Tesla is giving $7,500 off to US consumers on two of its most well-liked models through the end of the year. Its Shanghai plant’s production seems to have likewise decreased. They are harmed by this.
Musk's net worth was $ 340 billion in November 2021
Musk’s net worth peaked in November 2021 at $ 340 billion. Elon Musk has since held the title of richest person in the world for more than a year. However, French business magnate and creator of LVMH Bernard Arnault passed Elon Musk to take the title of richest person in the world last month.
Musk sold Tesla shares to buy Twitter
Elon Musk, the second-richest person in the world, purchased Twitter for $ 44 billion in October 2021. Musk later made money by selling shares of Tesla, a maker of electric vehicles. His main asset has not been this corporation since that time.
Tesla shares have fallen more than 65% this year
Tesla shares have been continuously sold by Musk over the past few days. Musk sold roughly 22 million (2.2 crore) shares of Tesla in just 3 days in the month of December, for a total transaction value of about $3.6 billion, or Rs 29.81 thousand crore. This year, shares of Tesla have decreased by more than 65%. They were around $400 at the start of the year and are now almost $125.
Tesla's market value fell to $ 495 billion
Musk is still Tesla’s top shareholder, even after the shares were sold. He owns the largest interest in the business, 13.4%. The company’s market valuation was $1 trillion last year, but it is now only $495 billion.
Musk sold $40 billion of Tesla shares in a year
Musk has reportedly sold Tesla shares for $40 billion (about Rs 3.3 lakh crore) in the past year, according to a Reuters report. Musk has sold 94,202,321 Tesla shares in a year at an average price of $ 243.46 per share. Musk’s net worth is likewise continuously dropping.
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