Elon Musk Has Now Lost the Most Money in History

[mahatmakanejeeves]

MONEY / ELON MUSK

Elon Musk Has Now Lost the Most Money in History

Bloomberg reports he has become the first person to lose $200B

By John Johnson, Newser Staff
Posted Dec 31, 2022 10:02 AM CST

A little over a year ago, Elon Musk was sitting on the astronomical sum of about $340 billion in net worth, making him the richest human on the planet by a wide margin. Today, Bloomberg reports that Musk has became the first person in history to lose $200 billion. The outlet's new Billionaires Index has his net worth at $137 billion, good for second place on the richest list, behind Bernard Arnault of France. For context, NME notes that Musk's loss surpasses Arnault's entire net worth of $162 billion. Not surprisingly, Musk's travails at Twitter, which have bled into troubles at Tesla, are blamed for the plunge. The top 10 richest people at the end of 2022, per Bloomberg:

{snip}

[Blue Owl]

1. He really is out-tRumping tRump

[C_U_L8R]

2. Genius !

[Bluethroughu]

3. The bigger they are...

The harder they fall.

[Deuxcents]

4. Yes! My mother used to say that n I never got it until I was older.

This would be her best example...

[Turbineguy]

5. Wait until Putin gets the bill to rebuild Ukraine.

[Pachamama]

6. +100000000000000000

[Metaphorical]

7. Glass Onion and Musk

I finally had a chance to watch Glass Onion on Netflix with my family this New Year's Eve. Well worth the watch if you've been following the rise and fall of Musk the Wunderkind and so many others of his kind.

[LetMyPeopleVote]

8. Let that sink in.

Link to tweet

[bucolic_frolic]

9. His Hitler stint promises to be short too

[bucolic_frolic]

10. Anyone who could claim that record has deficiencies in RISK MANAGEMENT

Musk's big gambles have always paid off. He had capital, ideas, expertise, drive. Now he's going dry.