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Elon Musk 1st person ever to lose $200 billion

Elon Musk, has lost close to $200 billion. He has become 1st person in history to lose this whopping amount. Elon Musk was the 2ndperson after Jeff Bezos with more than $200 billion of personal fortune. Interestingly, Musk had risen to the top spot of billionaires in  the month of January 2021.

Tech billionaire Elon Musk has become 1st person in world in the all-time history to lose over $200 billion worth wealth. The drastic downfall happened this year itself when Musk owned electric car automaker Tesla’s shares dropped over 11 percent from its value in entire year.

Twitter’s new chief Musk’s fortune once peaked at 340 billion in  the month of November 2021. Since then, it has seen the continuous downfall.

Musk had bought Twitter this year with a whopping cost of $44 billion. The Twitter saga stretched throughout year with Elon Musk had been having ifs and buts since he proposed deal early this year. Finally, Musk had to conclude the deal by  the month of October end after facing a legal pressure.

Elon Musk also sold many shares of Tesla throughout the year.

Tesla Shareholders lost trust in Tech billionaire Elon Musk as they believed Musk to get distracted from the company due to Twitter takeover.  

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