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The CEO of Tesla, SpaceX and Twitter saw his wealth plummet by close to $100 billion through all of 2022.
The businessman’s assets reach about 170 billion dollars, so he remains the richest in the world.
Elon Musk is still the richest man in the world despite having lost 8.6 billion dollars in 24 hours; This during a week full of controversy after the purchase of Twitter and the internal changes that he is carrying out in the company.
However, despite all the controversies and economic effects that his executive movements are generating, the South African businessman is not the only one whose net worth has fallen this year, as both the CEO of Meta (Facebook, Instagram and WhatsApp parent company), Mark Zuckerberg, like Amazon founder Jeff Bezos and Alphabet co-founder Larry Page, have also experienced significant financial declines.
Elon Musk retains the position of the richest man in the world
Billionaire Elon Musk’s assets have drastically decreased after the purchase of Twitter, which he carried out for 44 billion dollars and has put the social network in the world’s sights with operational adjustments marked by an exodus of layoffs and resignations.
The CEO of Tesla, SpaceX and Twitter has seen his wealth fall by close to 100 billion dollars this year, which brought his fortune to between 170 and 182 billion dollars, while in November 2021 it fell. He estimated that the man had a portfolio of 340 billion.
Likewise, andn the past week Tesla shares fell to a two-year low, reducing in just 24 hours 8.6 billion pesos in the New York Stock Exchange.
And it is that Elon Musk owns around 15 percent of the shares of the electric car company, which has decreased by 58.03 percent; the tycoon had to sell 15.5 billion dollars of his Tesla stock in order to finance the purchase of the social network.
However, Musk’s economic decline is not only due to the largest purchase of a technology company in history, but also to the restrictions in China due to Covid-19 and the recall of 300,000 Tesla vehicles for having faulty taillights, plus high supply chain costs.
Elon Musk continues to be crowned at the top of the richest men in the world, with a net worth of some 170 billion dollars, eclipsing Bernard Arnault, the president of the world’s largest manufacturer of luxury goods; a Jeff Bezos, the owner and CEO of Amazon; Already Bill Gatesthe co-founder of Microsoft.
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