The $200 Billion Club Loses Last Member as Musk Wealth Tumbles…

Elon Musk, the only billionaire who still exceeded that threshold heading into this week, saw his wealth tumble by $13.3 billion on Wednesday to $198.6 billion. Tesla Inc. shares fell for the fourth-straight day to the lowest level since September amid a broad decline in stock markets around the globe.

Tesla’s 50-year-old chief executive officer remains the richest person in the world, according to the Bloomberg Billionaires Index. Still, Musk has seen $71.7 billion wiped out from his fortune so far this year, more than the next three wealthiest people combined, as markets grapple with geopolitical tensions around Ukraine and more hawkish central banks.

We are primarily funded by readers. Please subscribe and donate to support us!

finance.yahoo.com/news/200-billion-club-loses-last-233641617.html

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.