Elon Musk has become the first person ever to lose $200 billion in wealth, Bloomberg reported last week.
Elon Musk’s wealth destruction has become historic. The CEO of Tesla\n \n , SpaceX and Twitter is worth $137 billion, according to the Bloomberg Billionaires Index, good enough for second place on the list of the world’s richest behind LVMH\n \n Chairman Bernard Arnault. But at its peak in November 2021, Musk’s net worth was $340 billion. That makes Musk the first person ever to lose $200 billion in wealth, Bloomberg reported last week.
Critics have long questioned whether Tesla was ever worth the trillion-dollar valuation it had at the start of 2022. At its peak, Tesla was worth more than the 12 largest automakers on the planet combined, despite having a fraction of their sales. Tesla ended the year worth $386 billion — still much larger than its automaker rivals but far smaller than the tech titans — Apple\n \n , Microsoft,\n \n Google\n \n and Amazon\n \n — with which it was being compared a year ago.
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