NEWS… BUT NOT AS YOU KNOW IT
Elon Musk’s net worth dropped below $200 billion but he’s still the world’s richest person.
The proud new owner of Twitter is also the largest shareholder of electric car company Tesla which has taken a hit as investors dumped Tesla shares.
Musk now has a net worth of $194.8 billion, according to Forbes, with a big share of that coming from his nearly 15% stake in Tesla, which has a market value of $622 billion.
The company has lost nearly half its market value and his net worth has dropped by $70 billion since he bid for Twitter in April.