He is likely to be the world's richest man, however Elon Musk has seen his private fortune dwindle at an virtually unfathomable charge over the previous yr.
In line with the most recent replace of Bloomberg's Billionaires Index, the Tesla CEO remains to be price an unbelievable $257 billion ($US170 billion), nevertheless it's lots lower than the identical time final yr.
Within the house of a yr, Musk has misplaced $153 billion – a mean of $419 million each day.
The billionaire spent $US44 billion (round $60 billion) to buy Twitter in what has been a high-profile and turbulent takeover, however a lot of his losses are tied to Tesla.
The electrical automotive maker's inventory has dropped by 56 per cent within the final yr, all the way down to its lowest level since November 2020, because it feels the affect of COVID-19 restrictions and a weakening financial system in China.
Musk's yearly loss was increased than anybody else on the billionaires index, but he nonetheless retains the title of world's richest man from French luxurious items magnate Bernard Arnault.
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Arnault, the chairman of LVMH Moet Hennessy Louis Vuitton, is estimated to be price $237 billion.
Gautam Adani stays the world's third-richest individual, adopted by Amazon founder Jeff Bezos in fourth and Invoice Gates in fifth.