Elon Musk has suffered the most losses among the world’s billionaires since the start of the year, but he remains the richest businessman on the planet. The fortune of the head of Tesla, SpaceX and the new owner of Twitter in 2022 was reduced by more than $100 billion.

Elon Musk has suffered the most losses among the world’s billionaires, but is still the richest

Elon Musk’s fortune is estimated at $169.8 billion, having decreased by $100.5 billion since the beginning of 2022, Bloomberg writes. In November 2021, Musk’s fortune was estimated at $340 billion, so the billionaire lost about 70% of his fortune in one year.

At the same time, Musk retains the status of the richest businessman on the planet. On the Bloomberg Billionaires Index list, the Tesla boss beat out his closest competitor, Louis Vuitton Moet Hennessy group chairman Bernard Arnault, by $13 billion.

Elon Musk’s declining status was affected by a significant drop in the value of the shares of electric car maker Tesla, whose main shareholder is the billionaire. Since early 2022, Tesla shares have fallen more than 50% to a two-year low.


Kirill Bilyk

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.


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