Romain Rouillard 3:17 p.m., January 02, 2023
According to Bloomberg, the whimsical billionaire Elon Musk has just lost more than 200 billion dollars since November 2021. No one had ever suffered such a drop in his fortune according to the American press agency.
The acquisition of Twitter last April is no stranger to this collapse.
Elon Musk is still sheltered from difficult month-ends.
Nevertheless, his personal fortune has just melted like snow in the sun according to the American press agency Bloomberg.
Two years ago, he became the second businessman, after Jeff Bezos, to raise more than 200 billion dollars, making him the richest man in the world.
And his fortune has only grown and embellished to reach 340 billion dollars at the end of 2021. Even Bernard Arnault had to bow.
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But since then, the French boss of LVMH has regained his place at the top of this ranking.
In question, the collapse of the fortune of Elon Musk which would now turn around 137 billion dollars, still according to Bloomberg, or 200 billion less than two years ago at the same time.
But then how to explain such a collapse?
The competing Tesla brand
First by the takeover of Twitter, an operation, concluded at the end of April, which cost the businessman several billion dollars.
To achieve his ends, Elon Musk had to part with many Tesla titles, the American car brand he heads.
The manufacturer has therefore seen its stock market value fall by 65% in 2022, investors fearing that the erratic billionaire will abandon Tesla in favor of Twitter.
In addition, Tesla, which has made the electric car its specialty, is now seeing the emergence of a string of competitors, mainly from China.
In a few months, these emerging manufacturers will offer vehicles much more affordable than the Tesla sedans for which prices can exceed 100,000 euros.
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- After procrastinating, Musk announces that he will let go of the reins of Twitter
But it takes more to shake the calm of the billionaire.
"Tesla is working better than ever!", He assured, preferring to focus his criticism on the American central bank which recently raised its interest rates.
A blow for Elon Musk who agreed to numerous loans to ensure his participation in the capital of Tesla.