Nov 22, 2022

Elon Musk has lost $100 billion of personal fortune in 2022

Posted by in categories: Elon Musk, sustainability, transportation

He is now the richest person in the world with a gap of a little over $10 billion.

Elon Musk, who broke records of personal wealth last year as the stock of his electric vehicle company Tesla soared, now has another record to his name. With Tesla’s stock price continuing its decline in 2022, Musk’s fortune has dropped by over $100 billion this year, Bloomberg.

Musk’s worth is mainly tied to his stock holding in Tesla, which according to recent estimates, now stands at around 14 percent. The CEO began offloading Tesla stock last year as the stock price soared and reached an all-time high of $402.

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