Another record in the name of Musk: became the first person in the world to lose 200 billion dollars, at one time the net worth crossed 300 billion.
Tesla and Twitter owner Elon Musk has become the first person in the world to lose $200 billion, according to the Bloomberg Billionaires Index. Musk’s personal net worth exceeded $200 billion in January 2021, surpassing Amazon’s Jeff Bezos. After this, his net worth crossed 300 billion dollars.
Musk’s net worth fell to $137 billion
After the recent drop in Tesla shares, Musk’s total net worth has come to $137 billion. On December 27, Tesla shares fell 11%. Tesla is offering US customers $7,500 off its two most popular models now through the end of the year. Production at its Shanghai plant has also apparently slowed. This is harming them.
Musk’s net worth in November 2021 was $340 billion
Musk’s net worth peaked at $340 billion in November 2021. Since then, Elon Musk has been the richest man in the world for more than a year. However, last month French business tycoon and LVMH founder Bernard Arnault overtook Elon Musk to become the world’s richest man.
Musk sold Tesla shares to buy Twitter
In October 2021, Elon Musk, the second richest man in the world, bought Twitter for $44 billion. Then to pay its price, Musk sold the shares of the electronic car company Tesla. Since then, this company has not been his largest asset.
Tesla shares have fallen more than 65% this year
Musk has been selling Tesla shares steadily over the past few days. In the month of December, Musk sold about 22 million (2.2 million) shares of Tesla in just 3 days, which is worth about 3.6 billion dollars, i.e. 29.81 thousand crore rupees. Tesla shares have fallen more than 65% this year. They were close to $400 at the beginning of the year and have now reached close to $125.
Tesla’s market value fell to $495 billion
Even after the shares were sold, Musk remains Tesla’s largest shareholder. He holds the largest stake in the company at 13.4%. Last year, the company’s market value was $1 trillion, which has fallen to $495 billion.
Musk sold $40 billion worth of Tesla stock in one year
According to a Reuters report, Musk has sold 40 billion dollars (about 3.3 lakh crore rupees) of Tesla shares in a year so far. In one year, Musk has sold 94,202,321 shares of Tesla at an average price of $243.46 per share. Musk’s net worth is also seeing a steady decline.
