It is no secret to anyone that Elon Musk He has had one of the most peculiar and turbulent years of his already tangled professional career.
The subject is, technically, the richest man in the world, and more than once he has leaked details of his alleged economic austerity, selling his properties and luxuries to supposedly focus on his work.
However, the reality is that his fortune has been calculated based on the market value of his shares and the assets of his businesses.
So all those billions of dollars don’t exactly exist in a monstrous bank account ready to be spent by Elon.
In fact the current reality of your most popular business, Tesla Motors, and all the conflicting mess with the acquisition of Twitter It has led the tycoon to lose an astronomical amount of money.
The world is not the same as when the champion reached the top of the whole world. Which leads us to ask ourselves an essential question:
Is Elon Musk still the richest man in the world?
An interesting article from Business Insider has made an updated calculation on the amount of money that Elon Musk has lost in recent months, and it turns out that the tycoon was hit so hard that he would have left anyone else on the street.
According to the publication, in less than a year Musk would have lost about USD $110 billion. The main cause of all this collapse would be the sharp drop in the price of shares of Tesla Motors this 2022, but there would be more elements of weight for this disaster.
To gauge the size of the gap, we can take Google co-founder Sergey Brin’s total net worth as a benchmark. Which is estimated at USD $107 billion. Elon Musk lost more money than that.
At his peak in late 2021, Elon amassed a fortune of nearly $320 billion, but by the second week of October 2022 Forbes He would have already recalculated his rotuna to estimate his current net worth at USD $209 billion.
The critical point for this blow was the stock market performance of Tesla Motors, which has lost 46% of the market value of each share today.
Musk owns 155 million shares of Tesla and therefore a good part of his fortune depends on how that company performs. To this we must add the expense for the purchase of Twitter, which represents the second factor of his impoverishment.
Only in the month of October, which has not even ended yet, Elon Musk saw his fortune reduced by 35%. But even that has not made him stop being the richest person in the world.
In second place are Jeff Bezos and Bill Gates, who would need between USD $80 thousand and USD $70 billion extra dollars to reach it.