2022 was not a great year for Elon Musk. In December, he lost his title as the richest man in the world.
At the beginning of 2023, it was revealed that he experienced such significant financial losses that he made the Guinness Book of Records for the largest loss of personal wealth.
Estimates suggest he lost between $182 billion and $200 billion, largely due to a 65% drop in Tesla’s stock value.
In the last week of 2022 alone, Tesla’s value plummeted by $85 billion, with its market capitalization shrinking to $390 billion from $1.2 trillion a year earlier.
Additionally, Musk’s acquisition of Twitter has faced challenges. After buying the platform, he implemented new rules and laid off many employees.
While some users embraced these changes, others, including celebrities like Gigi Hadid, chose to leave the platform.
Moreover, Musk’s tumultuous personal life has recently drawn more attention than his professional endeavors, although he seems to view it all with a sense of irony.