Elon Musk has endured the greatest loss of wealth in modern history, losing more than $208 billion in the last 13 months.
Bloomberg’s index of billionaires claims Musk’s wealth fell by 208 billion dollars, equal to Greece’s GDP. That’s more than LVMH CEO Bernard Arnault’s net worth.
The owner of Twitter, among other companies, had a net value of 338 billion in the Bloomberg Billionaires Index; it’s currently 132 billion.
Bloomberg placed Musk top; the Twitter purchase and its scandals haven’t hurt Musk’s fortune; Tesla’s stock has.
Musk reportedly advised Tesla employees, “Don’t worry about the stock market. The market will recognize our good performance.”
After a poll on Twitter, Musk declared he will step down as Twitter CEO once he finds a replacement. Musk is advised to find someone to take over Twitter so he may focus on his other businesses and recover some of his losses.
