Elon Musk becomes the First Person in History to Lose $200 Billion

Twitter CEO Elon Musk has become the first human being in history to lose a mammoth $200 billion in net worth.

it wasn’t too long ago that Musk became the second individual ever to amass a personal fortune of more than $200 billion. That happened in January 2021, just months after Amazon founder Jeff Bezos accomplished the same.

Much of Musk’s lost billions have been swallowed up by the plummeting value of his shares in Tesla, The electric vehicle company of which he is CEO. that value dropped 65%this year, and dove 11% last Tuesday alone. Musk was the world’s richest person until earlier this month when he was surpassed by European fashion scion Bernard Arnault, the powerhouse LVMH.