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© OKN MEDIA PUBLISHING 2022 - All rights reserved
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Elon Musk sets new record, becomes first person to lose $200 billion

Adamu Abubakar
By Adamu Abubakar
Published: January 1, 2023
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1 Min Read
Elon Musk
Elon Musk
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Billionaire and former richest man in the world, Elon Musk has broken a new record as the first person in history to lose $200 billion.

According to the Bloomberg Billionaire’s Index, the Tesla founder and Twitter owner lost $200 billion off his net worth.

It was gathered that Musk’s wealth plummeted to $137 billion following the decline in Tesla shares in recent week. This includes a massive 11 per cent fall in Tesla shares on December 27.

Tesla is now offering consumers in the United States a $7,500 discount for its two highest-volume models before year-end.

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Recall Musk’s fortune topped at $340 billion in November 2021.

On the back of this, he was the world’s richest person for more than a year at a stretch.

The new Twitter owner was then overtaken this month by Bernard Arnault, the French business magnate and co-founder of luxury goods powerhouse LVMH.

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