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Tesla and SpaceX founder Elon Musk has lost $100 billion in the 11 months to 2022.
According to a Bloomberg report, the new owner of Twitter is still the richest person in the world with assets of $170 billion.
But his wealth is rapidly declining and on November 21, he lost $8.59 billion.
Shares of his company Tesla have hit a 2-year low.
Elon Musk owns 15 percent of Tesla shares, so his wealth is also affected by the decline in the value of shares.
Tesla is facing difficulties due to the economic recession, Covid-19 restrictions in China and supply chain issues in the US.
Elon Musk recently bought Twitter for $44 billion and subsequently laid off 60 percent of the workforce.
According to experts, the economic recession will prove to be disastrous for Tesla vehicles and it will affect the assets of Elon Musk.
By the way, Elon Musk is so rich that even after losing 100 billion dollars in 11 months, he is the richest person in the world.
In November last year, his assets reached a record level of $340 billion, meaning his wealth has declined by nearly 50 percent in a year.
The second richest man in the world, Bernard Arnault, owns $157 billion and may push Elon Musk down after some time.
