Baku 4° C
Elon Musk loses $140B in 2022
Business
- 28 December, 2022
- 06:33
Elon Musk has lost about $140 billion of personal wealth since the beginning of 2022. As of December 28, the total fortune of the billionaire is estimated at $130 billion, Report informs, citing the Bloomberg Billionaires Index.
The loss of most of Musk's fortune is attributed to a 68% drop in Tesla shares and his purchase of Twitter for $44 billion.
Musk's stake in SpaceX is currently his most valuable asset, worth $47 billion, while his stake in Tesla is about $40 billion. Although the businessman acquired Twitter for $40 billion, experts value the company at only $20 billion. Also, according to Bloomberg, Musk's stake in The Boring Company is $3.3 billion.
Author
Latest News
21:00
Russian Ambassador to Armenia: Developments in South Caucasus significant for Moscow
Other countries20:51
MFA: Azerbaijan has repeatedly proven validity of its position on need for changes to Armenian constitution
Foreign policy20:42
Photo
Initiated by Leyla Aliyeva, New Year celebrations for children organized in Yevlakh
Social security20:34
Photo
Heydar Aliyev Foundation organizes festive celebration for children
Social security20:25
Baku comments on Azerbaijan's potential participation in peacekeeping forces in Gaza
Domestic policy20:16
Photo
Video
Global Media Group joins voluntary blood donation campaign
Media20:04
Israel becomes world's first country to officially recognize Somaliland's independence
Other countries19:47
Photo
Baku hosts planning conference of 'Shield of Peace 2026'
Military19:39