The fortune of Elon Musk, who was once by far the richest person in the world, is decreasing day by day. The billionaire entrepreneur lost $162 billion in the last 2.5 years. The reason for this is that things are not going well at Tesla.
Elon Musk, the most talked about name of recent years. The 52-year-old famous billionaire managed to remain the richest person in the world for a while. He even managed to become the first person to exceed the 300 billion dollar mark in 2021. Musk’s wealth came from many different companies such as SpaceX, Tesla and Neuralink.
However, the billionaire entrepreneur’s wealth has decreased significantly in recent months. drop showed. The biggest source of this decline was the decline in Tesla shares.
Musk’s fortune has fallen by almost half since November 2021
Elon Musk’s wealth is $178 billion as of today, according to Bloomberg’s Billionaires Index. When it peaked in November 2021, this number had reached up to 340 billion dollars. So around two and a half years 162 billion dollars, with a decrease of 47.64% lost.
The main reason for this decline is the recent continuous decline in Tesla shares. The company’s shares, currently trading at $157, are expected to rise in 2021. It was $415. this too 62% represents a decrease. The market value of the electric car giant has decreased from 1.2 trillion to 492 billion dollars. Musk’s 13% Tesla shares Having it causes his wealth to plummet to the bottom.
In fact, Musk did not start this year badly. It was at its peak in January with a fortune of $229 billion. However, it has since lost $51 billion, placing it in third place. Bernard Arnault and Jeff Bezos It is currently ahead with $218 and $205 billion. He has a fortune of 178 billion dollars Mark Zuckerberg can surpass it at any time.
Tesla shares continue to fall as deliveries fall short of expectations
Tesla’s decline in the last few months was due to concerns following the company’s poor performance. So much so that the giant company lost more than the previous quarter in the first three months of the year. 20% fewer car deliveries carried out. There were also declines on the production side. Additionally, the company laid off 10% of its employees and the departure of some major executives had a negative impact on the shares.
Of course, not all of Musk’s fortune depends on Tesla. It owns 42% of SpaceX, which is valued at $180 billion. It holds 79% of X, which is estimated to be worth $40 billion. However, most of his wealth comes from Tesla. We’ll wait and see what happens.
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