- Elon Musk's wealth has fallen $100.5 billion so far in 2022, per Bloomberg Billionaires Index.
- Even so, Musk is still the world's richest person with a fortune of $169.8 billion.
Elon Musk, the CEO of Tesla, SpaceX and now Twitter, has seen his wealth plunge almost $100 billion this year, the steepest drop ever reported on $4.
The 51-year-old's net worth — which $4 — took a nosedive on Tuesday to its lowest point in 2022 at around $170 billion, after $4 hit a two-year low on Monday, $4 reported.
$4 holds an around 15% stake in Tesla and the decline in the electric vehicle maker's stock price on Monday shaved around $8.6 billion off Musk's wealth in just one day.
The tech mogul draws most of his wealth from the stocks and ownership of Tesla, SpaceX, and most recently Twitter, per $4 Tesla shares have plummeted around 58.03% year to date.
Even so, Musk remains the world's richest person, as his net worth beat that of runner-up Bernard Arnault — the chairman of the world's largest maker of luxury goods, LVMH Moet Hennessy Louis Vuitton — by roughly $13 billion, per the $4.
According to the same index, Musk's net worth also eclipses that of Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates, by roughly $54 billion and $57 billion, respectively.
Tesla's stock price has been under pressure this year amid a broad selloff in the tech markets due to concerns of an economic downturn and on the back of the Federal Reserve's aggressive interest rate hikes.
Investors are also worried about $4, amid the country's strict Covid-zero stance and whether $4 on his role as Tesla CEO after acquiring Twitter for $44 billion.
Both Musk and Tesla did not immediately respond to Insider's requests for comment.