Twitter CEO Elon Musk has a new milestone that is surely not going down well, as he is now the person who has suffered the greatest loss of wealth in modern history, after in the last 13 months his net worth has lost more than 200 billion dollars.
The information was released by Bloomberg, which in its index of billionaires reports that Musk’s wealth was reduced by 208 billion dollars, equivalent to the annual GDP of Greece. That amount is also higher than the total net worth of the world’s richest person, LVMH CEO Bernard Arnault.
Musk ranked first in Bloomberg’s index
The now owner of Twitter, among other companies, had the first place in the Bloomberg Billionaires Index, with a net worth amounting to 338 billion, and now it is 132 billion.
The Twitter purchase and its controversies have not been the factor behind the downturn in Musk’s fortune, but rather the plunge in Tesla’s stock over the past year.
“Don’t worry too much about the craziness in the stock market,” Musk recently told Tesla staff. “As we demonstrate continued excellent performance, the market will recognize that.”
Urges him to find a CEO for Twitter
A few days ago, Musk announced that he will step down as CEO of Twitter as soon as he finds someone suitable for the position, this after a poll on that social media site asking whether he should step down as its head.
With the results of Tesla’s collapse and the controversy that has accompanied him on Twitter for months, Musk is urged to find someone to take over the social network so he can concentrate on his other businesses and try to recover some of what he has lost.