Elon Musk He made history again, but for the worse. The tech tycoon became the first person in history to lose $200 billion. This 2022 saw how the controversial businessman heritage net fell from its maximum of 340,000 in November 2021 to its current 137,000 million.
55-year-old Musk started the year as the richest person in the world. This allowed him to buy twitter For $44,000 million. However, since taking the reins, they have been constantly arguing. social network It ended last October with a direct impact on valuation. tesla, the electric vehicle company he also leads. Last year, Movements Tesla prices fell almost 70% in December alone, accumulating a 37% drop.
Much of Musk’s wealth comes not from physical money, but from the value of the companies he commands. This decline in valuation meant that in mid-December Musk was deposed by the French businessman, leaving him no longer the richest man on the planet. bernard arnaultHe owns the LVMH fashion and cosmetics empire, which includes brands like Louis Vuitton and Sephora.
SpaceX, its biggest asset
Despite his colossal wealth, Musk needed to sell Tesla shares to finance his Twitter buyout, despite repeatedly promising never to sell it. A decrease in its stake in Tesla also contributed to its decline. evaluation Although electric vehicles are still a very small part of the global car market, the company has skyrocketed during the pandemic years.
All that said, Tesla is no longer Musk’s biggest asset, SpaceX. Therefore, the businessman owns approximately $44.8 billion of shares in the space exploration company, while his stake in Tesla is estimated at about $44 billion, according to the Bloomberg wealth index.