Since his move, he has lost around USD 182 billion in a short span of time since November 2021. According to research information published by Forbes magazine, Elon Musk’s net worth, which was 320 billion US dollars in 2021, decreased to 138 billion US dollars in January 2023.
The underperformance of Tesla’s stock, and the sale of Tesla stock to buy Twitter, is believed to be the biggest reason for his net worth’s decline.
A series of misfortunes pushed him to second place on the world’s richest list. The first place was occupied by the family of Bernard Arnold, the head of the Louis Vuitton company.
Japanese tech investor Masayoshi Son lost US$58.6 billion to set the record in 2000, and Elon Musk has now surpassed that record. But Elon Musk is immune to any of this. His actions are like “what else are you waiting to do”…