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Elon Musk has lost $200 billion in his net worth.
He is the first person in the world to lose that much money.
After Amazon founder Jeff Bezos (Jeff Bezos), Musk is the second person in the world to own more than 200 billion dollars in assets.
The Tesla CEO’s net worth has fallen to $137 billion, according to the Bloomberg Billionaires Index.
As of November 4, 2021, his net worth was $340 billion.
He was the richest man in the world.
But now luxury goods conglomerate LVMH’s chief executive Bernard Arnault has taken the top spot.
Bloomberg reported that Tesla’s stock price plunge and Musk’s sale of shares to buy Twitter have hurt his fortune.
However, Musk recently stated that Tesla is doing better than ever.