The tech billionaire and the owner of Tesla, SpaceX, and recently acquired Twitter, Elon Musk, has become the first ever person in human history to lose an overall net worth of $200 billion. Never in the history of billionaires did anyone lose this much amount of wealth. Elon Musk was listed as one of the richest people in the world.
After acquiring Twitter and without being able to focus on Tesla and his other holdings he saw a sharp decline in Tesla’s shares. The major drop in his wealth is due to the plummeting net value of Tesla’s shares. Reportedly the experts associated this with Elon Musk’s distraction from the company due to the whole Twitter acquisition Saga and Supply-Chain constraint in China which got further accentuated by the Russia-Ukraine conflict.
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Billionaire Elon Musk has recently claimed the unenviable title of becoming the first person in history to lose $200 billion and has since responded to tweets about it.
A user mocked him on Twitter regarding this matter
A social media user, Not Jerome Powell, took to the Twitter platform to comment on the exponential loss faced by Elon Musk. He wrote,
“If you are having a bad year casue you lost a lot of money in the market remember that Elon Musk has lost $200 billion and is still making jokes on Twitter.”
If you’re having a bad year cause you lost a lot of money in the market remember that Elon Musk has lost $200 billion and is still making jokes on twitter
— Not Jerome Powell (@alifarhat79) January 1, 2023
The user did not expect Elon Musk to reply to his mocking tweet
Elon Musk only replied with an emoji of a man shrugging.
🤷♂️
— Elon Musk (@elonmusk) January 1, 2023
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Some of the netizens do not follow the theory
One Twitter user named Nick Flor commented that he didn’t see it as a loss at all, he said:
“I don’t see it that way at all. It’s not so much that has lost money, but instead that he’s invested in an opportunity. Twitter has the opportunity to crush all other social media platforms.”
I don’t see it that way at all. It’s not so much that @ElonMusk has lost money, but instead that he’s invested in an opportunity.
Twitter has the opportunity to crush all other social media platforms.
— Nick Flor 🥋+🇺🇸 (@ProfessorF) January 2, 2023
Another user named Kevin Janeway tweeted,
“All on paper. Remember that.”
All on paper. Remember that.
— Kevin Janeway (@KevinJaneway) January 1, 2023
A user named Space Simian also commented that Elon never had $200 billion in the first place and that those were just unrealized gains.
He never had $200 billions, that was just unrealized gains.
— Space Simian (@DeepSpaceSimian) January 1, 2023
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