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Elon Musk Lost $ 170 Billion in A Year

Elon Musk’s wealth has melted by $ 170 billion last year, and $101 billion since the start of the year. Despite the decline, 51-year-old Musk, who still maintains the title of “the richest person in the world”, is followed by Jeff Bezos, the founder of Amazon, whose fortune has decreased by $ 76.7 billion since the beginning of the year.

The wealth of the world’s richest person, Elon Musk, has dropped more than $100 billion since the start of the year. Tesla, SpaceX and Twitter CEO Musk’s fortunes were eroded by sharp losses in the stock markets.

THE WORLD’S RICHEST DESPITE THE FALL

The wealth of 51-year-old Musk, which peaked at $ 340 billion in November last year, fell to $ 170 billion with a loss of $ 8.6 billion yesterday. Thus, Elon Musk’s wealth has decreased by $ 170 billion last year and by $ 101 billion since the beginning of the year. Despite this decline, Musk remains the richest person in the world.

170 billion

Musk is the biggest loser in 2022, followed by Amazon founder Jeff Bezos. Bezos’ wealth has dropped by $76.7 billion since the start of the year to $116 billion. Bezos, once the richest person in the world, is now in fourth place. The wealth of Bernard Arnault, the richest person in Europe and France, decreased by $21.5 billion this year to $157 billion. Arnault ranks second on the list of the richest. Microsoft’s boss Bill Gates is also in the 5th place on the richest list with a loss of $ 25.3 billion this year. Gates currently has a net worth of $113 billion.

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THE RISE OF INDIAN BILLIONS

While famous billionaires suffered huge losses in 2022, Gautam Adani, the richest person in India, recorded a huge rise. Adani, 60, has a net worth of $130 billion, an increase of $53 billion this year. In the late 1980s Adani dropped out of university and started working for an agribusiness firm, and most of his wealth has been made in the last two years. Adani’s wealth was $5.8 billion on March 16, 2020, according to Bloomberg billionaires index data. Known for its coal production, trade and port management, Adani has also made a name for itself with its renewable energy and media investments in recent years.

Gül Demirci

Hello, I am Gul, I write content for Expat Guide Turkey every day. Don't forget to check it out!

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