Elon Musk’s Net Worth Falls Over $100 Billion This Year

Ocotber 22, 2022

Elon Musk saw his net worth dip by more than $100 billion in less than a year.

Musk’s fortune has fallen nearly 35%, from $320.3 billion to $209.4 billion, Forbes reported.

Musk’s fortune is down $28 billion this month alone.

Tesla CEO had become the first person in history to obtain a $300 billion fortune in November last year.

Despite a huge dent in his net worth, Musk is $60 billion richer than LVMH chief Bernard Arnault and $71 billion richer than Amazon founder Jeff Bezos.

Musk sold $31 billion worth of Tesla stock in the last year to finance his bid to acquire Twitter.

Musk envisions Tesla to become a $4.4 trillion company.