Despite losing $110 billion a year on paper, Elon Musk continued to be the richest person in the world, by a large margin.
The world’s most popular entrepreneur Elon Musk, not only in terms of popularity, but also managed to achieve a serious financial success. Elon Musk, who managed to become the richest person in the world in the past years, also manages to maintain his success.
According to Forbes’ studies, Elon Musk $209 billion continues to be the richest person on paper with his wealth. Although this figure is impressive, Musk’s wealth reached $ 320 billion in November last year.
Musk’s fortune is tied to Tesla
Elon Musk lately Attempt to buy Twitter and SpaceXiAlthough he is often on the agenda, the main source of his wealth is electric car company Tesla. The company’s shares have lost 46% since January, with the firm’s valuation at $672 billion, according to Friday’s closing figures. Musk’s fortune thus decreased to $209 billion. Musk owns 155 million shares of the company.
Musk’s fortune has melted $ 28 billion in the last month and Tesla and SpaceX CEO wealth in about 1 year despite a 35% decrease Musk remains the richest person in the world. Musk’s personal wealth is greater than Bezos’s 71 billion dollars80 billion dollars more than Gates’ fortune.
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Still, all is not rosy for Musk. He sold some of his Tesla shares for the sake of Twitter deal Musk, who wants to finalize it, will sell Tesla shares with a value of 5 to 10 billion dollars in the coming period.
Source :
https://www.businessinsider.com/elon-musks-fortune-dropped-by-110-billion-less-than-year-2022-10