Musk's net worth evaporated by more than $100 billion! But he is still the world's richest man!

It is learned that Elon Musk has lost more than $100 billion in less than a year due to the plunge in Tesla's stock price. In November 2021, Tesla CEO Elon Musk became the first billionaire in history to accumulate a wealth of $300 billion. According to Forbes, in less than a year, the world's richest man lost $110 billion in wealth, from $320.3 billion to $209.4 billion, a drop of 35%. This month alone, Musk has lost $28 billion.

Despite this, the American businessman remains the world's richest man. Elon Musk's fortune is still $60 billion higher than Bernard Arnault, the owner of the luxury goods company Louis Vuitton, who ranks second with $149.9 billion.

The world's richest man is $71 billion richer than Amazon founder Jeff Bezos, who ranks third on the list with a fortune of $142.7 billion.

Although Musk still has the most wealth in the world, Tesla's future is full of uncertainty. Experts believe that Tesla will be hit hard by the coming economic crisis.

On the other hand, Musk's decision to sell $31 billion of Tesla stock to buy Twitter has also been criticized by some investors: the problem facing Tesla investors is that Musk may sell more stock to finance the deal. Wedbush analyst Dan Ives believes that Musk's acquisition of Twitter will be one of the worst and most expensive mergers and acquisitions in market history. "Others are optimistic about Tesla's prospects and believe that due to its record sales of Tesla cars in the last quarter, the company will continue to be one of the companies with rich returns in the medium and long term market.

Editor ✎Estella/

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