comscore Elon Musk becomes first person in history to lose $200 billion in net worth
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Elon Musk becomes first person in history to lose $200 billion in net worth

Tesla and Twitter CEO Elon Musk has become the first person ever to lose $200 billion from his net worth, and is still making jokes on the micro-blogging platform.

Highlights

  • Musk has become the first person ever to lose $200 billion from his net worth.
  • In January 2021, Musk became the richest person in the world for the first time.
  • Tesla also announced a price drop in several of its models.
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Elon Musk becomes first person in history to lose $200 billion in net worth



If you have lost money in shares recently, read this. Tesla and Twitter CEO Elon Musk has become the first person ever to lose $200 billion from his net worth, and is still making jokes on the micro-blogging platform. According to a Bloomberg report, Musk has now seen his wealth drop to $137 billion following a recent drop in Tesla shares. The shares of his electric car company are down nearly 65 per cent. Also Read - Elon Musk unveils new Twitter user interface, long form tweets will come in early February

In January 2021, Musk became the richest person in the world for the first time, with a net worth of more than $185 billion. Musk saw his fortune peak in November 2021, hitting $340 billion, before a massive drop. Last month, he was replaced by Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH, as the world’s richest man. Also Read - Twitter cuts staff overseeing global content moderation: Report

The Tesla CEO’s wealth eroded further after he bought Twitter for a whopping $44 billion. On Monday, when a follower tweeted that “you worked hard this year and lost over 200 billion and this year, you will surpass yourself with even worse decisions,” Musk replied: “Thanks for paying me $8”. Also Read - Twitter data breach: Data of 200 million users leaked online

Another follower posted: “If you’re having a bad year because you lost a lot of money in the market, remember that Elon Musk has lost $200 billion and is still making jokes on Twitter.” Musk had admitted to having too much on his plate, and is finding a new Twitter CEO.

Meanwhile, Tesla also announced a price drop in several of its models, offering a $7,500 discount for its Model 3 and Model Y vehicles, in a bid to sell more vehicles.

Responding to a Twitter user, Musk recently said that the microblogging platform is not going bankrupt but is not secure yet. Farzad Mesbahi, a YouTuber who covers future technologies, tweeted: “On today’s All In podcast @elonmusk says, We’ve gotten the expenses (of Twitter) under control, so the company isn’t on the fast lane of Bankruptcy anymore”. Also Read – Twitter bans 48,624 accounts for policy violations in India

To which Musk replied: “Twitter isn’t secure yet, just not in the fast lane to bankruptcy. Still much work to do”. Earlier, Musk in his monetisation drive to save Twitter rolled out Blue tick subscription, which costs $8 per month to purchase on the web or $11 per month via the iOS App Store.

 

–IANS

  • Published Date: January 2, 2023 1:11 PM IST
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