In November last year, Tesla CEO Elon Musk became the first individual in records to attain a $300 billion fortune.
A lot has occurred since then. He’s at the verge of buying Twitter after months of back-and-forth and reportedly plans to put off 75% of its team of workers if the deal goes through.[irp]
He was rumored to have had secret twins with certainly a lady considered one among his employees and was again rumored to be having an affair with Nicole Shanahan, the soon-to-be ex-wife of Google cofounder Sergey Brin. (Musk denied the affair.)
He additionally lost more than $100 billion.
From its peak on November 4, 2021, Musk’s fortune has fallen almost 35%, from $320.3 billion to $209.4 billion as of close of market Thursday–nearly completely due to a pointy drop in the rate of Tesla stock. This month alone, Musk’s fortune is down $28 billion. In quarterly income stated on Wednesday, the electrical carmaker’s sales still fell short of a few analyst expectations. Add in concerns about a likely recession, and traders are spooked.
He’s nevertheless the wealthiest individual in the world, even after his fortune took this type of dramatic drive. He’s $60 billion richer than LVMH chief Bernard Arnault and $71 billion richer than Amazon founder Jeff Bezos. When he exceeded Bezos last year, he joked in an email to Forbes that he desired to send Bezos a large statue with the digit 2.