Elon Musk first person in human history to lose $200 billion

Elon Musk became the only person in human history to lose $200 billion from their net worth, Bloomberg Billionaire Index showed. After Amazon's Jeff Bezos, Musk was the second person with more than $200 billion of "personal fortune", a figure he achieved in January 2021.

Report informs via foreign media that Elon Musk's wealth plummeted to $137 billion after Tesla shares declined in recent weeks. Musk acquired the social media platform for $44 billion in late October. To help cover his Twitter purchase, Musk sold his significant stake in Tesla. The electric carmaker is no longer his biggest asset.

Musk's fortune topped at $340 billion in November 2021. Following this, he was the world's richest person for consecutive months till more than a year. He was then overtaken this month by Bernard Arnault, the French business magnate and co-founder of luxury goods powerhouse LVMH.