Elon Musk Reacts To Becoming The First Person To Lose $200 Billion In 2022 After Tesla Stock Plunges 65%.
January 4, 2023: New Delhi: Elon Musk‘s Twitter craze over his latest edit has not only resulted in a whopping $700 billion market capitalization drop for his electric car company Tesla in 2022, but has also cost him his personal wealth.
Musk’s fortunes took a huge hit during the year, making him the first person to lose more than $200 billion.
With his edit of the microblogging site in late October, Musk moved out of the $200 billion club of which he was the only member, losing his title as the world’s richest person and now setting a record for being the first person to see his net worth. To clean
Musk, however, seems unperturbed by these matters, which is evident in his response to a user calling on him to lose ‘over $200 billion’ from his net worth.
On Monday, the Tesla CEO tweeted, “Hope you have a great Day 1 of 2023! One thing’s for sure it won’t be boring.”
A verified Twitter user named Brianna Wu wrote in the comments section of Musk’s tweet, “You worked hard this year and lost 200 billion. I bet you’ll beat yourself up by making worse decisions this year”.
The billionaire replied to him, “Thank you for paying me $8”.
According to the Bloomberg Billionaires Index, Musk currently has a net worth of $137 billion and is the second richest person in the world.
He trails French billionaire Bernard Arnault by $25 billion, who is chairman of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company.
In November 2021, Musk’s net worth reached a peak of $ 340 billion. The New York Post reported that the billionaire has seen his wealth plunge by $137 million as Tesla shares plunged 65 percent over the past year, their worst year ever.
The 51-year-old billionaire completed the $44 billion takeover of Twitter in October 2022.
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