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Daily Mirror

World

Kelly-Ann Mills

Elon Musk makes history by becoming the first person in the world to lose $200billion

Elon Musk Twitter Inc. United States Tesla Inc. Bernard Arnault Stephen King Earth

Twitter owner Elon Musk has lost more than half of his entire multi-billion pound fortune in just over a year.

According to the Bloomberg Billionaires Index he lost $208bn - about £172bn - in the last 13 months, mainly due to a downturn in Tesla's stock price.

It is thought to be the biggest ever financial loss of an individual's net worth and was more than half of Mr Musk's total portfolio, which peaked at $338bn in November 2021.

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