Elon Musk has a missing $101 billion in 2022 so significantly as Tesla share price plunged amid a rough broader stock industry and a self-induced Tesla selloff to fund his $44 billion acquisition of Twitter.
Musk’s web well worth has dropped from $271 billion at the end of 2021 to $170 billion as of now (Nov. 22), in accordance Bloomberg Billionaires Checklist. He is continue to the world’s wealthiest human being, but his fortune has halved from its peak of $340 billion just a year in the past.
About a 3rd of Musk’s fortune is tied to Tesla. The electrical carmaker’s share cost is down nearly 58 per cent this 12 months, 2 times the 29 p.c decrease in the tech-large Nasdaq composite, as the company struggles to satisfy its lofty earnings progress targets.
Musk also owns a major stake in SpaceX, a non-public rocket and satellite manufacturer most just lately valued at $125 billion in a June fundraising spherical. Musk’s SpaceX share is valued at $47 billion. In addition, he has about $26 billion well worth of property tied up in Twitter, the Dull Enterprise and dollars.
