Elon Musk Becomes the Most Wealth Loser in Recent History

If there is anyone who will mark the year 2022, it is definitely this person. Elon Musk we can say. The famous billionaire, whose process of buying Twitter was on the agenda of the whole world, came up with various issues such as the exposing corruption of Twitter’s former administration.

Well, of course, these agendas belong to the billionaire’s assets, net wealth and did not have a positive effect on the shares of their companies. On the contrary, it applied a heavy negative, and Musk became the owner of the most undervalued companies in modern history.

Elon Musk has lost more than $200 billion in net worth in the last 13 months

At the beginning of 2022, Musk’s company Tesla’s shares suffered a great loss of value when he came to the agenda with his desire to buy Twitter and withdraw from the deal. Later, after it bought Twitter, big companies stopped advertising on Twitter.

As a result of all this, Musk became the most wealth-losing person in recent history. The famous billionaire has lost more than $200 billion in net worth in the past 13 months. In fact, about $208 billion that Musk lost, It is almost equal to the gross domestic product of Greece.

Bernard Arnault

The amount that Musk lost is also the richest person in the world at the same time. by Bernard Arnault more than net worth. How big is Musk? to wealth imagine you have it.

Musk, who was at the top of the list of the richest people in the world for most of the year, fell to the 2nd place after this loss. Bernard Arnault, currently CEO of LVMH, has a net worth of $178.1 billion. Elon Musk has a net worth of $145.5 billion.

Do you think the famous billionaire can recover from here and bring his wealth to the top as before? Please do not forget to share your thoughts with us in the comments.