Formerly the richest man in the world, billionaire Elon Musk has set a new record by becoming the first person in history to lose $200 billion.
The Tesla entrepreneur and Twitter owner lost $200 billion from his net worth, according to the Bloomberg Billionaire’s Index.
According to reports, Musk’s net worth fell to $137 billion as a result of the recent week’s decrease in Tesla stock. This covers the dramatic 11% decline in Tesla stock on December 27.
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Before the end of the year, Tesla is now providing customers in the US with a $7,500 discount on its two most popular models.
Recall that in November 2021, Musk’s net worth peaked at $340 billion.
Because of this, he maintained his position as the richest man in the world for an extended period of time.
The co-founder of the dominant luxury goods company LVMH and French business magnate Bernard Arnault then passed the new Twitter owner this month.
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