Elon Musk’s Net Worth Decreases $200 Billion, Setting New Record

Elon Musk is going into 2023 $200 billion dollars poorer.

The 51-year-old Twitter owner’s net worth took a historic hit two years after he became the second person to be worth more than $200 billion.

His estimated net worth is now well below that number, according to a new report.

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According to Bloomberg, Elon is worth an estimated $137 billion after his portfolio decreased by more than $200 billion. He is officially the first person to ever experience such a meteoric drop in wealth.

At his wealthiest, the controversial star was worth approximately $340 billion.

One of the causes of his record-breaking losses appears to be dwindling stock prices for his company Tesla. The publication noted that his stock in the company is actually now worth less than what he owns in SpaceX.

Additionally, his purchase of Twitter and transition to owner has been rocky and expensive to say the least.

His takeover has been unpopular enough that Twitter users voted that he give up his position as CEO of the company.

Posted To:Elon Musk