New Twitter chief Elon Musk loses over $100 billion wealth in a year

NEW DELHI: World’s richest man and the new boss of social media platform Twitter Elon Musk has lost over $100 billion in net worth and is the top most loser in term of wealth in the last 1 year.
Musk is also the co-founder of Tesla, shares of which dropped to the lowest level in 2 years.
According to the Bloomberg Billionaires Index, Musk lost $101 billion in the last 1 year. However, he continues to be world’s richest man with a total wealth of $170 billion.
A year ago, his total net worth peaked at $340 billion. On Monday alone, Musk lost $8.6 billion as Tesla shares plunged 6.8% to $167.87 in New York trading. This is the lowest since November 2020.
Facebook founder Mark Zuckerberg is the next in line with a loss of $83.5 billion in a year.
Changpeng Zhao, founder and CEO of Binance lost nearly $82 billion, while Amazon chief Jeff Bezos saw his wealth decline by $76.7 billion….

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