Elon Musk suffers the biggest fortune loss in history

Elon Musk suffers the biggest fortune loss in history

Billionaire Elon Musk’s financial collapse has become historic. This is the largest ever recorded in the United States.

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The chairman of Tesla, Space X and now Twitter is currently worth $137 billion, according to the Bloomberg Billionaire Index viewed by CNN.

If his fortune still allows him to be the second richest man in the world, it was instead valued at $340 billion in November 2021.

According to CNN, citing Bloomberg, the billionaire is the first person to lose more than $200 billion in wealth.

Much of Elon Musk’s fortune is tied to his Tesla business, which plummeted 65% in 2022.

The company has been a particular victim of fears surrounding electric vehicle demand and the antics of Elon Musk at the helm of Twitter.