meJanuary 2022 Elon Musk It reached the second largest fortune in the world, exceeding $200 billion, only then Jeff BezosAmazon owner. A year later, Musk’s fortune has plummeted and he’s the first person to lose $200 billion in his personal wealth, according to Bloomberg.
This, after his wealth peaked at $340 billion in November 2021. However, he is estimated to have as of today $137 billion, after Tesla stock fell In recent weeks, it’s down 11% on last Tuesday alone.
Twitter users are calling for Elon Musk to step down as company chairman
The money Elon Musk lost last year
In mid-December, Musk ceased to be the richest man in the world after the French businessman Bernard Arnaultchairman of luxury brand LVMH, estimated at 186 billion and 200 million, according to Forbes.
The decline in Musk’s accounts has been dramatic: just over two weeks ago, he’s still struggling $181.3 billion.
Elon Musk was brutally booed on stage by thousands of people at Dave Chappelle’s concert
The wealth of the French billionaire is so great that it exceeds the total value of goods and services that Morocco will produce in 2023, estimated at $143 billion, or 6% of the French economy, which is the seventh largest economy on earth, according to the report. Gross domestic product international International Monetary Fund.
Twitter purchase problem
In late October 2022, Musk completed a complex process to obtain it Twitter At a price of $44 billion.
Musk reportedly plans to cut 75% of Twitter’s staff
By Friday, November 18, Twitter was in disarray when rumors surfaced of mass layoffs across its headquarters around the world, after Musk gave employees an ultimatum to decide whether to stay at the company. under harsh working conditionsor termination of service with three months’ salary.
In addition, the social network announced the closure of its offices in San Francisco, California It eventually fired more than 3,200 full-time workers at Twitter and brought in executives from other companies, such as Tesla, to impose their stamp on the social network. Musk’s idea is to turn Twitter into a profitable business. So he implemented a cost-cutting policy and started charging $8 a month to check his official accounts.
Then, he launched a Twitter poll where he asked if he should resign as head of the social network. More than 17 million people participated and 57.5% voted for him to step down CEO of the company.
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