Winning Bizness Desk
Mumbai. It seems, ever since world's 2nd richest man Elon Musk has bought Twitter, it has not proved lucky for him. According to the Bloomberg Billionaires IndexTesla and Twitter owner Elon Musk has become the first person in the world to lose $200 billion. Musk's personal net worth exceeded $ 200 billion in January 2021, when he overtook Amazon owner Jeff Bezos. After this his net worth had crossed $300 billion. Musk's total net worth has come down to $ 137 billion after the recent fall in Tesla shares. Tesla shares were down 11% on December 27. Tesla is now offering US customers $7,500 off until the end of the year on two of its most popular models. The production of its Shanghai plant has also apparently reduced. This is harming them.
Musk's net worth reached a peak of $ 340 billion
In November 2021, Musk's net worth reached a peak of $ 340 billion. Since then Elon Musk had remained the richest man in the world for more than a year. However, last month French business tycoon and LVMH founder Bernard Arnault overtook Elon Musk to become the world's richest man. In October 2021, the world's second richest man Elon Musk bought Twitter for $ 44 billion. Musk then sold shares of the electronic car company Tesla to repay its cost. Since then this company has not been his largest asset.
Sold 2.2 crore shares of Tesla in just 3 days
Musk has continuously sold Tesla shares in the last few days. In the month of December, Musk sold about 22 million (2.2 crore) shares of Tesla in just 3 days, which is worth about $ 3.6 billion, i.e. Rs 29.81 thousand crore. Tesla shares have fallen more than 65% this year. They were close to $400 at the beginning of the year and have reached close to $125 now. Even after the shares were sold, Musk remains Tesla's largest shareholder. He holds the highest 13.4% stake in the company. Last year, the company's market value was $ 1 trillion, which has come down to $ 495 billion. According to a report, Musk has sold Tesla shares worth $ 40 billion (about Rs 3.3 lakh crore) so far in a year. In one year, Musk has sold 94,202,321 shares of Tesla at an average of $ 243.46 per share. There is also a continuous decline in Musk's net worth.