The Tesla and Twitter CEO lost so much of his fortune in the last year that Guinness World Records recognized him the person with the “largest loss of personal fortune in history.
Musk now owns more than 424 million Telsa’s shares and owns 42% of SpaceX. His net worth estimate as of January 9, 2023, is $144.4 billion. It means that Musk has been erased roughly $162 billion from his peak net worth of 306.4 billion in November 2021 according to Forbes’ estimate. His net worth’s sharp decline was mostly caused by Telsa’s shares which had free fall last year, dropping more than 60% in .
Before Musk, Masayoshi Son, the founder and CEO of Softbank, set the previous record for the largest personal wealth wipeout, which was far smaller at $58.6 billion.
However Elon Musk wasn’t the only person, though, whose fortune plummeted by an astoundingly large quantity. The top leaders of Amazon, Meta and Google stand right behind him in the Forbes list of the “biggest losers” in .
Below is the list of billionaires who suffered the greatest income losses in .
1. Elon Musk
Title: CEO, Tesla and Twitter
Estimated losses: -$125 billion
Net worth: $144.4 billion as of Jan. 09
2. Jeff Bezos
Title: Founder and chair, Amazon
Estimated losses: -$85 billion
Net worth: $110.6 billion as of Jan. 09
3. Mark Zuckerberg
Title: Co-founder, Meta Platforms (Facebook’s parent company)
Estimated losses: -$77.3 billion
Net worth: $47 billion as of Jan 09
4. Larry Page
Title: Co-founder and board member, Google
Estimated losses: -$40 billion
Net worth: $76.8 billion as of Jan 09
5. Sergey Brin
Title: Cofounder and Board Member, Google
Estimated losses: -$74.2 billion
Net worth: $45 billion as of Jan 09
In a recent report released by the World Bank, East Asia and Pacific (EAP) economies are showcased as beacons of growth, surpassing global averages. However, the region faces impending headwinds, notably from China, casting a shadow over its growth trajectory for 2024.
The European Union (EU) is launching investigations into tech giants Apple, Google, and Meta (Facebook’s parent company) over concerns they might not be following a new law designed to promote fair competition in the digital market.
Google Chrome is on the brink of initiating a seismic shift that threatens to reshape the very foundation of the modern internet. The imminent demise…
In a highly anticipated market debut, Reddit stock took off, closing its first day of trading with a staggering 48% surge from its initial public offering (IPO) price of $34 per share. The social media giant’s stock concluded the day at $50.44, propelling its market capitalization to over $8 billion.
In a significant move in Vietnam’s corporate landscape, Vingroup, the country’s largest conglomerate, has completed the sale of a 41.5% stake and other assets in its retail arm, Vincom Retail, for a staggering $1.6 billion. This transaction ranks among the largest mergers and acquisitions (M&A) deals in Vietnam in recent years, underscoring the dynamism of the country’s economy and corporate sector.
The integration of artificial intelligence (AI) into various facets of healthcare has revolutionized patient care, and its impact on surgery is poised to be profound. Leveraging AI’s capabilities to connect, analyze, and predict based on operating room data holds the promise of enhancing surgical efficiency and clinical decision-making. Recognizing this potential, NVIDIA has partnered with Johnson & Johnson MedTech to explore new AI capabilities within the realm of surgery, with the goal of advancing the company’s connected digital ecosystem for surgical procedures.
Apple is reportedly in discussions with Alphabet, Google’s parent company, regarding the licensing of Google’s “Gemini” artificial intelligence (AI) training model for integration into iPhones.
An Illinois jury has delivered a significant verdict in a case involving Mead Johnson’s Enfamil baby formula, ordering the company to pay $60 million to the mother of a premature baby who died from an intestinal disease after consuming the formula.
In the fast-paced world of software development, innovation is the name of the game. Cognition, a leading tech company, has introduced a groundbreaking solution that promises to transform the industry as we know it: Devin AI, the world’s first AI software engineer. Devin AI is not just another tool in the developer’s toolbox; it’s a game-changer that leverages the power of artificial intelligence and machine learning to automate coding tasks and streamline the development process.
When it comes to acing a job interview, there are certain tactics that can help you stand out and impress prospective employers. From showcasing your passion for the role to demonstrating problem-solving skills, there are plenty of strategies to employ. However, it’s equally important to be mindful of phrases that could raise red flags during the interview process.
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Cultural differences between the East and the West
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Vietnam received recognition in the 29th World Travel Awards in numerous categories
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Vietnamese dishes that fascinate foreigners
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First NFT vending machine in the world is now operational in New York
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The LEGO Group today began construction on a new $1 billion factory in Binh Duong, Vietnam
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