In the 11 months of this year, the wealth of Elon Musk, the richest person in the world, has decreased by 100 billion dollars.
According to a foreign news agency, the wealth of Elon Musk, the richest person in the world, is rapidly decreasing and only on November 21, he lost 8.59 billion dollars.
Elon Musk still owns $170 billion in assets while the world’s second richest man, Bernard Arnault, owns $157 billion, but is expected to overtake Elon Musk sometime soon.
It should be noted that Elon Musk owns the Tesla company, whose share price has reached a two-year low, while he recently bought the popular social networking site Twitter for $44 billion.
Elon Musk owns a 15 percent stake in Tesla, a company that has been struggling due to the economic downturn, Covid-19 restrictions in China and supply chains in the United States.
Experts believe that the economic recession could prove disastrous for Tesla’s vehicles, which would also affect Elon Musk’s assets.
Keep in mind that compared to last year, Elon Musk’s wealth has decreased by 50%, while in November of last year, Elon Musk’s assets were worth 340 billion dollars.