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| CEO of Tesla, Elon Musk |
Musk's net worth surpassed USD 200 billion in January 2021 and eventually reached a high of USD 340 billion in November 2021.
Value of Elon Musk: Elon Musk, the CEO of Tesla, is the first person in history to have lost more than USD 200 billion in net worth. The Bloomberg Billionaires Index shows that during the past 13 months, Musk's net worth has decreased by USD 208 billion.
This comes after shares in Tesla were sold to pay for the Twitter deal, which caused the share price to fall. Twitter was recently purchased by the billionaire for USD 44 billion.
Musk's net worth surpassed USD 200 billion in January 2021, making Jeff Bezos of Amazon the lone person except Musk to accomplish this accomplishment.
By November 2021, Musk’s net worth rose to USD 340 billion and he became the world's richest person. Later, he was overtaken by Bernard Arnault, the French tycoon behind luxury-goods powerhouse LVMH.
Now after losing over USD 200 billion, his current net worth has declined to just USD 132 billion, according to a Bloomberg report. However, Musk is currently the second richest person in the world behind Bernard Arnault.
Though Musk suffered a huge loss, he has an impressive car collection. The 51-year-old reportedly has vintage as well as supercars including a classic Ford Model T and a Porsche 911 Turbo.
Musk's net worth reached USD 340 billion by November 2021, making him the richest man in the world. Later, Bernard Arnault, the French businessman who founded the LVMH luxury goods giant, passed him in the rankings.
His current net worth has dropped to just USD 132 billion after losing more than USD 200 billion, according to a Bloomberg article. But behind Bernard Arnault, Musk is currently the second-richest person in the world.
Despite suffering a severe setback, Musk maintains a remarkable collection of automobiles. The 51-year-old is said to own both vintage and supercars, such as a vintage Ford Model T and a Porsche 911 Turbo.
