Elon Musk has become the first person in history to lose 200 billion dollars, according to reports Bloomberg.
According to his billionaire index, Musk’s net worth fell from $340 billion in November 2021 to $146 million today, below even the richest man today. Bernard Arnault, president of LVMH, with 179 billion dollars.
Tesla’s downfall
The great heritage of Elon Musk is mainly due to his actions in Teslabut this company has had a 2022 to forget.
Since the beginning of the year, the shares of Tesla fell 73%, ranking fifth for worst-performing financial assets in the S&P 500 stock index.
Only this week they fell 11% more when a report came in Archyde.com which pointed out that Tesla he wanted to temporarily reduce electric car manufacturing in Shanghai.
However, the strongest blow was dealt by himself. Elon Musk, who even sold part of his holding to be able to buy Twitter for 44 billion dollars. Investors believe that The tycoon has stopped being interested in the manufacturer to give all his impetus to the social network, which he even manages with great controversies.
He doesn’t give credit
Musk believes that much of the responsibility for his annual losses is from the historic interest rate hikes decreed by the Federal Reserve. “Tesla it’s working better than ever!” he wrote on Twitter on December 16. “We do not control the Federal Reserve. That’s the real problem here.”
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