Elon Musk’s Wealth Drops by $8.6 Billion in One Day

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Elon Musk’s wealth has dropped by $8.6 billion in just one day.

Following his purchase of Twitter and the decreasing shares in Tesla, the world’s richest man has lost a significant amount of his net worth this year.

In 2022 alone, Musk’s wealth has decreased by around $100 billion…brining his overall net worth somewhere between $170 billion and $182 billion.

It was at an estimated $340 billion this time last year.

Tesla shares have decreased to a two-year low this week alone, bringing his wealth down by around $8.6 billion in just 24 hours.

The 51-year-old owns around 15% stake in Tesla shares and he sold almost $15.5 billion of his stock in the company to finance the purchase of Twitter.

After Covid-19 restrictions in China and a recall of 300,000 of his vehicles thanks to faults, not to mention the soaring cost of parts and materials…his overall net worth is taking a serious beating.

Must be nice to lose so much and still be worth around $170 BILLION…Poor Musk.

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