The Twitter buyout and controversy all along wasn’t the factor that drove Musk’s fortunes down, but the plunge in Tesla’s stock over the past year
The CEO of Twitter, Elon Muskis now the person who has suffered the biggest loss of wealth in modern history, after the last 13 months his net worth has lost more than 200 billion dollars!
The data was released by Bloomberg, which reports that Musk’s fortune has decreased by $208 billion, an amount equivalent to the annual GDP of Greece. This amount is also higher than the total net worth of the world’s richest man, LVMH CEO Bernard Arnault.
The current owner of Twitter, among other companies, had the first place in the Bloomberg Billionaires Index, with a net worth that amounted to 338 billion and is now 132 billion.
Elon Musk’s net worth collapse is the biggest loss of wealth in modern history https://t.co/uMKG4sqJqc
— The Independent (@Independent) December 29, 2022
Buying Twitter and the controversy all along wasn’t the factor that drove Musk’s fortunes down, but Tesla’s stock plunge over the past year.
“Don’t worry too much about the madness in the stock market,” Musk recently told Tesla staff. “As we demonstrate continued outstanding performance, the market will recognize that.”
A few days ago, Musk announced that he will step down as CEO of Twitter once he finds someone suitable for the job, following a poll on the social networking site asking users if he should step down as head of Twitter.
The world’s richest people lost $1.4 trillion in 2022, led by Elon Musk, Jeff Bezos, Changpeng Zhao and Mark Zuckerberg https://t.co/K5nyezT1g2
— Bloomberg Wealth (@wealth) December 29, 2022
With the fallout from Tesla’s collapse and months of Twitter controversy, Musk needs to find someone to take over the social network so he can focus on his other businesses and try to recoup some of what he already lost. has lost
Elon Musk’s immense wealth and borrowing power are now being tested, as shares in Tesla have sharply declined https://t.co/KSLmiHEIb5
— The Wall Street Journal (@WSJ) December 24, 2022
Read the News today and get the latest news.
Follow Skai.gr on Google News and be the first to know all the news.
I am Terrance Carlson, author at News Bulletin 247. I mostly cover technology news and I have been working in this field for a long time. I have a lot of experience and I am highly knowledgeable in this area. I am a very reliable source of information and I always make sure to provide accurate news to my readers.
