Elon Musk has become the world’s first person to lose $200 billion.
The billionaire’s net worth has been struck massively as Tesla’s shares take a massive hit.
It has been a period that’s awfully distressing for Musk, ever since he opted to take over Twitter. From that day onwards, his net worth appears to have been spiraling in a downward manner.
The same has to do with his popularity. Wherever he goes, he’s usually met with so many boos and many people can’t help but speak to him in a manner that’s just pure criticism.
In November of 2021, Elon Musk’s net worth was seen at a new peak. This was confirmed by Bloomberg’s billionaire index. Now, however, things aren’t shaping too well for the celeb.
He was formerly known as the world’s richest man but not anymore. He has slid down one position. But would a comeback be possible soon? Well, financial critics and experts have their doubts.
This past year, Musk saw his wealth really take a hard hit. Tesla’s shares fell and it was hard for him to recover the losses being incurred by the Twitter app.
His decisions are backfiring and he’s having a hard time juggling so many roles, explained one person.
Today, Musk stands as the first person in history to ever lose $200 billion of his net worth, as revealed by Bloomberg.
The year 2022 has been the worst year for Elon Musk to date. And it’s no reason why many wouldn’t agree. But this particular loss in net worth would be due to a fall in share value for Tesla.
Sources revealed how the surge in COVID-19 conditions across Shanghai has caused the firm’s manufacturing plant to shut down amid the lockdown. And it’s just a terrible ordeal.