Elon Musk Is Still , the World's Richest Man Despite, Losing $100 Billion in 2022.<br />Business Insider reports that billionaire Elon Musk has <br />lost about $100 billion this year, the largest one year <br />drop ever reported by the Bloomberg Billionaires Index.<br />Business Insider reports that billionaire Elon Musk has <br />lost about $100 billion this year, the largest one year <br />drop ever reported by the Bloomberg Billionaires Index.<br />The Tesla, SpaceX and now Twitter <br />CEO's net worth reached its lowest <br />point in 2022 on November 22.<br />The Tesla, SpaceX and now Twitter <br />CEO's net worth reached its lowest <br />point in 2022 on November 22.<br />Musk's net worth, which peaked <br />at $340 billion last November, <br />dropped to around $170 billion. .<br />The plunge was reportedly <br />caused by Tesla shares falling to <br />a two-year low on November 21. .<br />Musk's 15% stake in Tesla means that <br />the billionaire lost about $8.6 billion in just <br />one day as those stocks declined.<br />So far in 2022, Tesla stocks<br />have dropped about 58.03%.<br />Despite the losses, Musk remains <br />the world's richest individual. .<br />Musk's net worth eclipses that of LVMH Moet Hennessy <br />Louis Vuitton CEO Bernarn Arnault, Amazon founder <br />Jeff Bezos and Microsoft co-founder Bill Gates. .<br />Musk's net worth eclipses that of LVMH Moet Hennessy <br />Louis Vuitton CEO Bernarn Arnault, Amazon founder <br />Jeff Bezos and Microsoft co-founder Bill Gates. .<br />Musk's net worth eclipses that of LVMH Moet Hennessy <br />Louis Vuitton CEO Bernarn Arnault, Amazon founder <br />Jeff Bezos and Microsoft co-founder Bill Gates. .<br />Business Insider reports that Tesla stocks have faced broad <br />tech market selloffs amid fears of an economic downturn <br />and aggressive rate hikes by the Federal Reserve.<br />Business Insider reports that Tesla stocks have faced broad <br />tech market selloffs amid fears of an economic downturn <br />and aggressive rate hikes by the Federal Reserve.<br />Additional concerns that have driven down the value <br />of Tesla stocks are China's zero-COVID policies <br />and Musk's recent high-profile takeover of Twitter. .<br />Additional concerns that have driven down the value <br />of Tesla stocks are China's zero-COVID policies <br />and Musk's recent high-profile takeover of Twitter.
