How Much Money Did Elon Musk Lose In 2022?


Elon Musk finally bought Twitter in October 2022 after a really strenuous legal battle and accumulating the liquid for the same. But, was it worth it?

There were many changes that he introduced at Twitter via the trial and error method, but they did not prove effiecient, so he remodeled them and he is still navigating.

The new CEO bought Twitter with the money from selling billion dollars-worthy Tesla stocks and some funds from equity investors.

Tesla stocks, on December 28th 2022, have plunged to $109.10 and has been hitting low with stockholders expressing concerns over the dwindling state of the electric car venture.

In December 2022, Elon Musk was replaced by the Chairman and CEO of LVMH as the richest person in the world.

Forbes has released a report of how much money did the American billionaires lost in 2022 due to devastating state of the tech and media industry after the third quarterly report. And Elon Musk had received the maximum blow.

According to the Forbes report, his net worth has plunged by $115 billion.

Other billionaires like Jeff Bezos lost $80 million, Mark Zuckerberg lost $78 billion, and Larry Page's net worth declined by $40 billion.

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