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Elon Musk's net worth has already dropped $13 billion this year

Britney Nguyen   

Elon Musk's net worth has already dropped $13 billion this year
  • Elon Musk has lost $13 billion so far in 2023, according to the Bloomberg Billionaires Index.
  • Musk lost the most money of any billionaire in 2022 as Tesla shares tumbled.

Elon Musk left 2022 as the $4 from their net worth, and he's $4 so far in 2023, according to the Bloomberg Billionaires Index.

Musk $4 than any other billionaire last year, ceding his title of the world's richest person to Bernard Arnault, the CEO of French luxury goods conglomerate LVMH. He's still the world's second-richest person, with a $4 as of January 5.

Much of Musk's wealth is tied up in shares of his electric-car company, Tesla. Last year, the company's stock $4 in 2022.

Tesla's $4 about Musk's commitment to the EV company amid his $44 billion takeover of Twitter last October.

"Elon abandoned Tesla and Tesla has no working CEO," KoGuan Leo, Tesla's third-largest individual shareholder, $4. "Tesla needs and deserves to have working full time CEO."

$4 in Tesla stock to fund the Twitter acquisition. His stake in his space exploration company, SpaceX, is now his biggest asset, $4.

Apart from Musk's distraction with Twitter, Tesla fell victim to slumping $4, specifically in one of its largest markets, China. It ended last year by $4 as the $4.

But Adam Jonas, an analyst at Morgan Stanley, said $4 in 2023, because its supply will be able to outpace consumer demand. The stock is up over 2%, year-to-date.

Meanwhile, Musk's Twitter takeover continues to be marked by chaos.

He $4 by self-proclaimed Twitter investor Leonidas Raisini, who offered to buy Twitter at a $30 billion discount. Raisini wrote a letter mirroring the letter Musk wrote to Bret Taylor, the former chair of Twitter's board, offering to buy the company last April. Insider was $4 whether or not Raisini is or was an investor in Twitter.

In late December, Musk tweeted a poll $4 as Twitter CEO. Over half the over 17.5 million respondents voted yes, and Musk tweeted that he "will resign as CEO as soon as I find someone foolish enough to take the job!"

Since his Twitter takeover, the company has $4 of the thousands of former employees Musk fired after he acquired the platform, and the social media site has seen a $4



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