Automaker’s wealth plummets in 2022
Tesla Inc. dropped to its lowest point in two years, and Elon Musk will lose more than $100 billion in 2022.
Elon Musk lost the most in the wealth index this year.
Despite his net worth declining by $8.6 billion, the co-founder of Tesla is still the richest person in the world with $169.8 billion, according to the Bloomberg Billionaires Index.
The largest market outside of the US, China, is where Musk is fighting escalating COVID-related restrictions.
Tesla shares are down 52% this year, which is comparable to a 29% decline in the high-tech Nasdaq 100 index and fell 6.8% to $167.87 in New York trading, the lowest level since November 2020.