Entrepreneur Elon Musk has lost $200 billion in 13 months. The reason is the significant loss in value of the electric car manufacturer Tesla.
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the essentials in brief
- Entrepreneur Elon Musk (51) is the first person to lose $200 billion.
- The reason for his wealth decline is the crash of Tesla shares.
- At $137 billion, Musk now ranks second among the richest people.
Elon Musk is the first person to lose $200 billion as Tesla stock plummets.
In November 2021, “Bloomberg” estimated the entrepreneur’s fortune at $ 340 billion. Meanwhile, Musk is said to still have 137 billion on the high edge.
Elon Musk is selling Tesla shares
Tesla stock has lost 65 percent in value in 2021. Musk had sold numerous shares in the automaker. He wanted to enable the expensive purchase of the short message service Twitter.
Elon Musk is now in second place on the “Bloomberg Rich List”. The family of French entrepreneur Bernard Arnault has overtaken the 51-year-old. His fortune is $162 billion. Arnault is CEO of LVMH, which owns 70 luxury brands such as Louis Vuitton, Moet & Chandon and Bulgari.
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Source-news.google.com