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Elon Musk becomes the first person in history to lose $200 billion in net worth

Elon musk lost $200 billion

Tesla and Twitter CEO Elon Musk has lost $200 billion from his net worth but is still making jokes on Twitter.

After Tesla shares dropped recently, Musk’s wealth dropped to $137 billion, according to Bloomberg.

His electric car company’s shares are down nearly 65 percent.

Musk became the world’s richest person for the first time in January 2021, with a net worth of more than $185 billion.

In November 2021, Musk’s fortune peaked at $340 billion, before plummeting.

The world’s richest man was replaced last month by Bernard Arnault, the CEO of Louis Vuitton’s parent company LVMH.

With Tesla’s $44 billion purchase of Twitter, the CEO’s wealth eroded even further.

Following a follower’s tweet on Monday that Musk “worked hard this year and lost over 200 billion, and this year, you will surpass yourself with even worse decisions,” Musk replied: “Thanks for paying me $8.”.

One follower commented: “If you’ve lost a lot of money in the market, remember that Elon Musk has lost $200 billion and is still making jokes on Twitter.”

A new Twitter CEO is being sought by Musk, who admitted to having too much on his plate.

Tesla has also announced a price drop on several of its models, offering a $7,500 discount on its Model 3 and Model Y vehicles.

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I'm Ved Prakash, Founder & Editor @Newsblare Media, specialised in Business and Finance niches who writes content for reputed publication such as Investing.com, Stockhouse.com, Motley Fool Singapore, etc. I'm the contributor of different... news sites that have widened my views on the current happenings in the world.

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