World's richest man Elon Musk's wealth has taken a $100 billion hit in 2022, thanks to plummeting Tesla shares
holds an around 15% stake in Tesla and the decline in the electric vehicle maker's stock price on Monday shaved around $8.6 billion off Musk's wealth in just one day.
The tech mogul draws most of his wealth from the stocks and ownership of Tesla, SpaceX, and most recently Twitter, per Even so, Musk remains the world's richest person, as his net worth beat that of runner-up Bernard Arnault — the chairman of the world's largest maker of luxury goods, LVMH Moet Hennessy Louis Vuitton — by roughly $13 billion, per theAccording to the same index, Musk's net worth also eclipses that of Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates, by...
Tesla's stock price has been under pressure this year amid a broad selloff in the tech markets due to concerns of an economic downturn and on the back of the Federal Reserve's aggressive interest rate hikes.
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