lost approximately $100 billion this year, which according to the Bloomberg Index is the “largest one-year drop ever reported”.Despite dropping from $340 billion last November to around $170 billion this year, theBusiness Insider
, the massive drop in this net worth was likely “caused by Tesla shares falling to a two-year low on 21 November 2022”. Musk’s 15% stake in the company was also responsible for a loss of nearly $7 billion – in only one day – as stocks declined.Musk also had to return to the Delaware Court of Chancery earlier this month, to justify Tesla compensation grant of R1 trillion [$56 billion] paid out to him in 2018.
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