Elon Musk Is The First Person In History To Lose $200 Billion

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Roughly two years after becoming only the second-ever person to amass a fortune of more than $200bn, Elon Musk is now the first-ever person to lose it.

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In 2022, Mr Musk topped the Forbes billionaires list  for the first time, ousting former Amazon president Jeff Bezos, who spent the last four years as the richest person in the world.

A year earlier, Mr Musk became the second-ever person to grow their net worth to more than $200bn, months after Mr Bezos did the same.

READ ALSO: Meek Mill Becomes Latest Celeb To Quit Twitter After Elon Musk’s Takeover

His fortune peaked at $340bn in November 2021. In April, the Tesla and Twitter boss had an estimated net worth of $273.6bn. Two years earlier, he ranked 31st in the world on the Forbes list, with stock shares in his electric vehicle company at $72.24.

Now, the Tesla and Twitter boss has erased billions of dollars from his fortune, plummeting to $137bn, largely attributed to tanking values of his shares in the electric vehicle company. That value dropped 65 percent in 2022.

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Photo Credit: Getty 

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