The CEO of Tesla and Twitter has made history to become the first man to erase $200 billion from his total net worth.

Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos.

Musk 51 has seen his wealth plummeted to $137 billion after Tesla shares tumbled in recent weeks, including an 11% drop on Tuesday according to Bloomberg billionaires index.

The significant decrease in Elon's net worth is attributed to the fall in $TSLA, highlighting the impact of market fluctuations and public perception on personal financial success.

His fortune peaked at $340 billion in Nov. 4, 2021 and he remained the world's richest person until he was overtaken this month by Bernard Arnault, the French tycoon behind luxury-goods powerhouse LVMH.

For those wondering why or how Elon Musk lost $200 Billion. It is said that investors became unsure of Elon's commitment to Tesla as the news of his interest in buying Twitter came to light. This resulted in a down turn in Tesla stocks. Very interesting.

Elon Musk, Jeff Bezos and others are among billionaires whose wealth and net worths are tied to the performance of the stock markets.

https://www.solutionreporters.com/2023/01/01/elon-musk-no-longer-richest-man-on-earth-loses-200-billion/

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