Elon Musk Emerges As The Highest Loser Amongst American Billionaires In 2022
Tesla and Twitter CEO Elon Musk has emerged as the highest loser amongst American Billionaires in 2022 according to Forbes.
Reports disclose that Musk has reportedly lost more than $130 billion from his net worth in 2022 as Tesla shares continue to fall, which his wealth is mostly tied to.
Musk’s net worth peaked at over $300 billion earlier this year, unfortunately, a 68% year-to-date decline in Tesla stock erased a huge chunk of that.
Arnault through holding vehicles and family trusts owns a little over 60% of LVMH’s voting share class, which according to Forbes estimates his worth to $186.2 billion.