Elon Musk’s net worth falls below $ 200 billion
According to Teslarati, Musk has lost about $ 77.6 billion of his net worth since the beginning of the year.
Tesla shares have come under tremendous pressure lately, with shares down about 40% since the start of the year. As a result, Musk’s net worth took a hit.
According to the Bloomberg Billionaires Index, Musk’s net worth is $ 193 billion as of May 25. This means that Musk had seen $ 77.6 billion of his wealth slashed since the beginning of the year.
However, Musk is still the richest person in the world by net worth. His closest rival, the founder of Amazon Jeff Bezosis currently listed with a net worth of $ 128 billion, the report said.
Similar to Musk, Bezos’ net worth also took a significant hit this year, dropping $ 64.6 billion.
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Musk and his multi-billion dollar colleagues have seen their net worth shrink this year.