American entrepreneur Elon Musk has made history again. This time it isn’t for becoming the world’s first centibillionaire ut for losing a big chunk of his fortune – exactly $200 billion. This loss makes him the very first man in history to experience something of that magnitude.
A recent report by Bloomberg pointed out that the billionaire lost about $200 billion of his net worth.
The Tesla boss himself is unfazed about the loss. He remains his comedic and entertaining self on Twitter, a platform he recently acquired for several billion dollars after a while of foot-dragging.
According to multiple sources, Elon Musk’s $200 billion fortune wipeout was largely due to the tumbling of the stocks of his electric car company Tesla, which prides itself as one of the leaders in the field.
Tesla stock tumbled about 11 per cent on December 27, which was pretty massive and saw the billionaire losing a chunk of his net worth. That decline also pushed the Twitter boss off his pedestal as the wealthiest man in the world.
The position of richest man is now taken by the French investor and entrepreneur Bernard Arnault. The Tesla boss is, however, expected to make a massive comeback soon. In the interim, stay tuned.
