Tesla , SpaceX , andTwitterCEO Elon Musk see his wealth plummet by $ 100 billion dollar bill this year , bringing his last worth to somewhere between $ 170 billion and $ 182 billion , according to estimates fromBloombergandForbes . That ’s down from an estimated $ 340 billion in November 2021 . The drop comes asTesla shares decreasedto a two - year low this calendar week , melt off Musk ’s wealth by about $ 8.6 billion in just one day .
Musk reportedly owns around a 15 percent post in Tesla portion which has decreased by 58.03 % twelvemonth to appointment , according toBloomberg . He sell closely $ 15.5 billion of his Tesla livestock to finance hispurchase of Twitterearlier this month .
Tesla answer for for the bulk of Musk ’s fortune but has faced tax revenue decrease due to the ongoingcovid-19 restriction in Chinaand a recentrecall of 300,000 Tesla vehiclesdue to faulty taillights in addition to zoom costs of material . His net worth go on to take a smash after he acquire Twitter for $ 44 billion — the largest buyout of a technology company in story .
Photo: Win McNamee (Getty Images)
Musk also had torecently defendthe near $ 56 billion payment packet Tesla reach him years ago in court . Richard Tornetta , who own some Tesla shares , filed thelawsuitback in 2019 claiming the Tesla display board offered Musk an overly generous remuneration package even though he was spend only about half his clock time at the electric car Lord . His newfangled by-line as‘Chief Twit’has only overstate claims that he ’s diffuse himself too thin .
Despite the reversal , Musk still remains the affluent person in the world , coming in above the runner - up , Bernard Arnault , by around $ 65 billion . Musk is not the only technical school executive director whose final worth has drop this year , as Meta CEOMark Zuckerberg , Amazon founderJeff Bezos ’ , and Alphabet co - founderLarry Pagehave all also experienced significant financial setbacks according to Bloomberg .
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