Elon Musk's net worth collapse is biggest loss of wealth in modern history

Extremely rich person's fortune has fallen by $208 billion - generally identical to the yearly Gross domestic product of

Greece

Elon Musk, envisioned on 29 August 2022 in Stavanger, Norway, is the President of The Exhausting Organization, Neuralink, SpaceX, Tesla and Twitter

Elon Musk has seen his total assets fall by more than $200 billion throughout recent months, denoting the greatest loss of abundance in current history.

The tech extremely rich person lost the greater part of his fortune between November 2021, and December 2022,

as per the Bloomberg Tycoons Record, to a great extent because of the breakdown of Tesla stock during that time.

The $208 billion cleared off of Mr Musk's total assets is generally comparable to the yearly Gross domestic product of Greece.

The sum lost is additionally more than the absolute total assets of the ongoing scene's most extravagant individual, Bernard Arnault.

Subsequent to fixing the rich rundown for the vast majority of the year, Mr Musk lost his place to the French industry icon recently, however remains
In front of different US tech very rich people that have ruled the rundown as of late.
Mr Musk's total assets topped at $338 billion in November 2021,

as per the Bloomberg Tycoons List, corresponding with the fortunes of Tesla.
The electric vehicle creator has lost approximately 70% of its worth in 2022 following creation defers in China, vehicle reviews,

what's more, worries among financial backers that its Chief has been diverted by his new job as head of Twitter.

Tesla's market cap is somewhere around almost $900 billion since November 2021, making it exit the main 10 most significant organizations.

Regardless of the misfortunes, Tesla stays the world's most significant vehicle creator by a distance,

with its misfortunes over the course of the past year identical to the consolidated market cap of any remaining automakers.

In a new email to Tesla staff, Mr Musk composed that he accepted Tesla will turn into "the most significant organization on The planet" in the long haul.

"Try not to be too annoyed by financial exchange madness," he composed, as indicated by Reuters.

"As we exhibit proceeded with magnificent execution, the market will perceive that."

Mr Musk seldom discusses his riches, however made sense of his desires for his fortune in a Twitter string in 2018.

"You ought to inquire as to why I would need cash," he composed.

"About a portion of my cash is expected to help issues on The planet and half to assist with laying out a self-supporting city on Mars to guarantee the continuation of life (or all species)

on the off chance that Earth gets strike by a meteor like the dinosaurs or WW3 occurs and we obliterate ourselves."

Different US extremely rich people have seen their abundance decline fundamentally over the course of the past year, with the tech-weighty Nasdaq falling by around a third in 2022.

Microsoft's Bill Entryways, Amazon's Jeff Bezos, Prophet's Larry Ellison and Google's Larry Page have lost more than $180 billion joined since January.