Elon Musk lost $100 billion in 2022 but remains the richest man in the world

100 billion dollars: this is the pharaonic sum that Elon Musk lost in 2002, according to Bloomberg. Blame it on Tesla’s stock which is in freefall due to many factors: supply problems, chaotic takeover of Twitter, etc. However, this does not prevent the richest man in the world from remaining, precisely, the richest man in the world.

For ordinary mortals, waking up with 100 billion dollars less in his account in the bank would probably be a sign of a bad day ahead — although you would have to have $100 billion already, which is not very common. But when your name is Elon Musk, you can continue your day as if nothing had happened, since you stay despite everything the richest man in the world.

This is indeed what Bloomberg media reports, after the recent fall in Tesla shares on the New York Stock Exchange on Monday, November 21. After having dipped 6.8%, Elon Musk lost a whopping $8.6 billion just yesterday. By adding this loss to all those recorded this year, the fortune of the businessman has thus melted $100.5 billion in total.

Related: Elon Musk Imposes Extreme Rules at Twitter, Employees Quit in Mass

Elon Musk loses $100 billion, but all is well

But let his admirers be reassured: the billionaire is still, by far, a billionaire, with a fortune estimated at 169.8 billion dollars nowadays. In other words, the latter still remains, at present, the richest man in the world. That being said, the situation still has something to worry about (to a certain extent), the person concerned. Indeed, as Bloomberg notes, Tesla’s stock has fallen 52% this year, reaching today its lowest level since November 2020.

On the one hand, the context is not really favorable for the car manufacturer, with a Covid-19 pandemic which blocks production in China, as well as mass recalls of cars with particularly dangerous bugs. On the other hand, investors are to say the least cautious about the actions of Elon Musk after his takeover of Twitter. The latter have already expressed their concern about the time the billionaire devotes to his new toy, abandoning at the same time the activities of Tesla.

Source: Bloomberg

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