No one has made – or misplaced – more cash than Elon Musk.
The 51-year-old entrepreneur recorded an unprecedented $US200 billion ($A294 billion) loss in wealth since November 2021, in line with the Bloomberg Billionaires Index.
Musk was reportedly value $US340 billion 14 months in the past.
He is now valued at $US137b, which additionally price him the excellence of being the world’s wealthiest man.
That title now belongs to French way of life model chairman Bernard Arnault, who’s value $US162b ($A238b).
Forbes dropped Musk from the top-spot in its billionaire rankings in December.
Musk, who operates the electrical automotive firm Tesla and aeronautics business SpaceX, acquired the social media platform Twitter for $US44b in October following a chronic flirtation relationship again to April.
It coincided with an ongoing depreciation in Tesla inventory worth that some shareholders don’t consider is coincidental.
Musk joked about shedding cash on Twitter on the social media platform in November.
“How do you make a small fortune in social media?” he tweeted. “Start out with a large one.”
The billionaire businessman has used the platform to advance his politics, which has made him largely unpopular with progressives who are typically supportive of companies like Tesla that promote different power.
Tesla recorded a 65 per cent drop in inventory worth in 2022, capped off by a 44 per cent plummet in December. Even Musk has bought billions of {dollars} in shares of the corporate as he continues efforts to make Twitter worthwhile.
Amazon founder Jeff Bezos grew to become the primary individual to change into value greater than $US200b in April 2021.
Bloomberg places his present value at $US107b ($A157b). Musk is the one different individual to have reached the $US200b plateau.
He welcomed the brand new 12 months Sunday on Twitter.
“One thing’s for sure,” Musk predicted. “It won’t be boring.”
