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Washington: American tycoon Elon Musk became the first person to lose $200 billion in a year.
Tesla’s CEO has suffered one of the biggest losses in history as the company’s shares plunged in recent weeks.
In January 2012, Elon Musk became the second person to hit $200 billion in personal wealth, previously surpassed by Jeff Burrows.
According to the Bloomberg Billionaires Index, 51-year-old Elon Musk’s assets are currently worth $137 billion.
Elon Musk has lost $137 billion in just a few weeks as Tesla’s shares tumble.
On November 4, 2021, Elon Musk’s assets reached their peak and his worth was estimated at $340 billion.
Due to dwindling assets, in December 2022, French tycoon Bernard Agnew overtook him as the richest person in the world.