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
Subway, the world’s largest sandwich chain, is set to embark on a massive expansion plan in China, opening nearly 4,000 new stores in the country. This move will significantly increase Subway’s footprint in China, expanding it by more than seven times its current size.
The Michelin Guide, which began as a humble travel companion for motorists, has evolved into an iconic gastronomic authority. It continues to provide valuable recommendations and celebrate culinary excellence worldwide. The guide’s rigorous assessment criteria, dedicated inspectors, and unwavering commitment to quality and reliability have solidified its status as an indispensable resource for food enthusiasts and travelers alike. Let’s delve into the fascinating story behind the guide’s inception and explore the meticulous process that determines the coveted Michelin stars.
The culinary scene in Vietnam has reached new heights with the unveiling of the inaugural MICHELIN Guide Hanoi & Ho Chi Minh City. A total of 103 exceptional restaurants have been recognized for their outstanding cuisine, including four coveted MICHELIN Stars.
Microsoft has agreed to pay $20 million to settle charges brought against it by the U.S. Federal Trade Commission (FTC) for violating children’s privacy rights. The FTC accused the tech giant of illegally collecting personal information from children without parental consent through its Xbox gaming system.
Grab, the Singapore-based technology company, has come under scrutiny in Vietnam due to its financial practices. Recent revelations regarding substantial losses, unpaid taxes, and questionable financial transactions have raised concerns about Grab Vietnam’s operations and their impact on the Vietnamese economy.
According to Lonely Planet, Vietnam The Reunification Express is the most spectacular train journey in the world. Check out the link below to discover the whole list of Lonely Planet’s top rail excursions from around the world which gives you a unique perspective on various destinations.
By Rotation, a U.K.-based clothing rental app, is on a mission to combat the harmful effects of fast fashion by promoting peer-to-peer clothing rental as a mainstream practice in the United States. The startup recently expanded its services to the U.S. market and aims to establish a strong presence in New York City before expanding to other major cities next year.
In a turn of events for the crypto market, Bitcoin experienced a decline on Wednesday, marking its first down month of the year. The optimism that had fueled a rally surrounding the debt ceiling began to fizzle, causing the leading cryptocurrency to lose 2.77% and trade at $27,057.81, according to Coin Metrics. Ether, the second-largest cryptocurrency by market capitalization, also slipped 2.2% to $1,865.82.
The renowned chipmaker Nvidia has reached a significant milestone in its history by achieving a market capitalization of $1 trillion. This accomplishment places Nvidia in an elite group of companies on Wall Street, becoming only the ninth globally and the sixth currently holding such a distinction.
Codeword, a leading tech-marketing agency, has made history by hiring the world’s first AI interns. Aiden and Aiko, the AI interns, have been brought on board for a three-month trial internship, where they will work alongside Codeword’s team of 106 people. Aiko will be part of the design team, while Aiden will work with the editorial team.
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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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