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
Self-driving air taxis have long been a tantalizing vision of the future, and now, they’re one step closer to becoming a reality in China. Guangzhou-based Ehang, a leading player in the electric vertical take-off and landing (eVTOL) industry, recently achieved a major milestone.
Adobe, the software giant renowned for its creative solutions, has once again pushed the boundaries of innovation with a slew of updates designed to revolutionize the world of digital creativity. Adobe MAX 2023 saw the unveiling of remarkable enhancements, all underpinned by the formidable power of artificial intelligence (AI). In this article, we will delve into the highlights of Adobe’s recent updates, as outlined in their official announcement.
In the world of tech giants, strategic partnerships and negotiations often determine the trajectory of entire industries. A recent revelation in the ongoing US government’s antitrust lawsuit against Google has shed light on some of Apple’s past decisions that could have had a significant impact on the search engine landscape.
TikTok, the wildly popular short-form video platform, is making waves in the digital advertising world with its latest move. Reports from multiple sources have surfaced, pointing to the confirmation of TikTok testing an ad-free subscription service.
TikTok, the wildly popular social media platform, has faced its fair share of challenges in recent years, particularly regarding its ownership and ties to China. However, its ambitions in Southeast Asia are now facing a significant hurdle as Indonesia, its largest market in the region, has imposed a ban on shopping transactions on social media apps.
Google’s Bard AI chatbot is getting a major upgrade, and it’s all about making your life easier. In a recent announcement, Google revealed a series of exciting enhancements to Bard, aiming to provide users with a more powerful and versatile tool for various tasks.
In a bold move to navigate the ever-evolving landscape of e-commerce and cloud computing, Alibaba Group is embarking on its most ambitious restructuring to date under the leadership of its new CEO, Eddie Wu. As the company faces challenges in a slowing Chinese economy and stiff competition, Wu is determined to revitalize Alibaba’s strategy by placing a strong emphasis on artificial intelligence (AI) and promoting younger talents to senior management positions.
TikTok, the wildly popular short-form video app, has been hit with a massive €345 million ($368 million) fine by the Irish Data Protection Commission (DPC) for failing to adequately protect children’s privacy on its platform.
China’s economy is displaying hopeful signs of recovery in August, but the real estate sector continues to struggle, posing challenges for the nation’s economic stability.
Arm, the renowned British chip designer under the SoftBank umbrella, is gearing up for a high-stakes $5 billion initial public offering (IPO). While excitement surrounds this significant move, investors are growing increasingly wary of Arm’s business ties to China, particularly amidst escalating tensions between the United States and Beijing over chip technology. Let’s dive into the complexities of Arm’s China dealings and the challenges it faces.
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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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