He might be the world's richest man, but Elon Musk has seen his personal fortune dwindle at an almost unfathomable rate over the past year. 9News
CEO is still worth an incredible $257 billion , but it's a lot less than the same time last year.READ MORE:The billionaire spent $US44 billion to purchase Twitter in what has been a high-profile and turbulent takeover, but much of his losses are tied to Tesla.
The electric car maker's stock has dropped by 56 per cent in the last year, down to its lowest point since November 2020, as it feels the impact of COVID-19 restrictions and a weakening economy in China. Musk's yearly loss was higher than anyone else on the billionaires index, yet he still retains the title of world's richest man from French luxury goods magnate Bernard Arnault.
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