It is reported that due to the sharp drop in Tesla 's stock price, its CEO Elon Musk 's net worth has dropped by nearly one-third since November 2021, from US$320.3 billion to US$209.4 billion at the close of last Thursday, evaporating more than US$110 billion.
In November last year, Musk's wealth reached its peak, becoming the first person in the world to have a net worth of $300 billion. However, Musk's wealth fell by $28 billion this month alone because Tesla's revenue was lower than expected and investors' concerns about the recession.
Musk sold $31 billion worth of Tesla shares last year to acquire Twitter . But the acquisition has disappointed investors, who believe that Musk's excessive price for it is an irresponsible performance.
"The problem facing Tesla investors is that Musk may sell more stocks for the deal (acquisition of Twitter), which we think will be one of the worst and most expensive acquisitions ever," said Dan Ives, an analyst at Wedbush in the U.S. investment bank.
But no matter what, Musk is still the richest man in the world, and his net worth is 60 billion US dollars more than the president of the French luxury giant Louis Vuitton Group, Bernard Arno, and 71 billion US dollars more than the founder of Amazon , Jeff Bezos .
Red Star News Reporter Wang Yalin Intern Duan Yuqi
Editor Tang Huan Editor Xiao Ziqi
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