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© Reuters. Musk Faces a Major Loss of $200 Billion Amid Market Crash Inflation
- Elon Musk, once the world’s richest man, is overtaken by Bernard Arnault of LVMH.
- The Tesla (NASDAQ:) owner became the first person in history to lose $200 billion in net worth.
- Tesla Stock Fell 65% in 2022, its biggest-ever annual decline.
Twitter CEO Elon Musk’s net worth was $340 billion until November 4, 2021, making him the richest person in the world. However, Musk’s fortune dropped to $137 billion, last month. Bernhard Arnault, the owner of LVMH luxury goods company, has overtaken with a net worth of over $179 billion.
Elon Musk becomes the first person in history to lose $200 Billion pic.twitter.com/WTZ3jnGTxC
— Daily Loud (@DailyLoud) January 1, 2023
The post Musk Faces a Major Loss of $200 Billion Amid Market Crash Inflation appeared first on Coin Edition.
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Image and article originally from www.investing.com. Read the original article here.