{"id":13099,"date":"2023-01-02T12:39:37","date_gmt":"2023-01-02T12:39:37","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=13099"},"modified":"2023-01-02T12:39:37","modified_gmt":"2023-01-02T12:39:37","slug":"elon-musk-makes-history-by-becoming-first-person-to-lose-200-billion-from-his-net-worth","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/elon-musk-makes-history-by-becoming-first-person-to-lose-200-billion-from-his-net-worth\/","title":{"rendered":"Elon Musk makes history by becoming first person to lose $200 billion from his net worth"},"content":{"rendered":"<p><a href=\"https:\/\/twitter.com\/elonmusk\">Elon Musk<\/a> makes history by becoming first person to lose $200 billion from his net worth. Musk previously became the second person ever to lose a fortune of more than $200 billion, after Amazon founder Jeff Bezos. Musk has now seen his wealth drop to $137 billion following a recent drop in Tesla shares.<\/p>\n<p>His fortune peaked at $340 billion in November 4, 2021, and he remained the world\u2019s richest person until he was overtaken this month by Bernard Arnault, the French tycoon behind luxury- goods powerhouse LVMH.<\/p>\n<p>Tesla shares have taken a hit this year, with stocks down 65% as of December 30. Tesla also recently announced a price slash in several of its models, offering a $7,500 discount for its model 3 and model y vehicles.<\/p>\n<p>Many attribute Tesla\u2019s dismal year to Musk\u2019s overtaking of Twitter in late October, with many arguing that he has become too distracted with the social media company.<\/p>\n<p>Musk completed the $44 billion acquisition after a lengthy legal battle and has since worked to expose malpractices in Twitter\u2019s operations that took place before his purchase.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/world\/at-least-14-dead-in-armed-attack-on-prison-in-mexican-border-city-juarez.html\">At least 14 dead in armed attack on prison in Mexican border city Juarez<\/a><\/strong><\/em><\/p>\n<p>He\u2019s applied a move-fast-and-break-things approach such as firing staff then asking them to come back and applying content policies haphazardly to justify banning the accounts of some prominent journalists who cover him.<\/p>\n<p>The decline in Tesla shares has been so steep- the shares fell 65% in 2022- and Musk has sold so much to help cover his Twitter purchase, that they\u2019re no longer his biggest asset, according to Bloomberg\u2019s wealth index.<\/p>\n<p>\u201cHe needs to name a formal CEO of Twitter in the next month,\u201d Dan Ives, Wedbush managing director, said on Fox Business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk makes history by becoming first person to lose $200 billion from his net worth. Musk previously became the second person ever to lose a fortune of more than $200 billion, after Amazon founder Jeff Bezos. Musk has now seen his wealth drop to $137 billion following a recent drop in Tesla shares. His [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":13100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,3],"tags":[7983,6673,7984,7300],"class_list":["post-13099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-world","tag-bernard-arnault","tag-elon-musk","tag-jeff-bezos","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/13099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=13099"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/13099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/13100"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=13099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=13099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=13099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}