Elon Musk

The business magnate's net value dropped significantly due to Tesla's stock crash, while other tech chiefs also saw major losses, according to the Bloomberg ...

[Gautam Adani](https://english.elpais.com/economy-and-business/2022-12-20/how-the-king-of-coal-became-the-third-richest-man-in-the-world.html) was also able to weather the challenges of 2022. Nearly all the top 20 billionaires on the Bloomberg Index are either American or European, but it is clear that the economic center of trade is moving from the Atlantic to the Pacific, and sooner or later, this will be reflected in the world’s biggest fortunes. [Russian invasion of Ukraine](https://english.elpais.com/international/2022-12-28/slow-nasty-grueling-ukrainian-counter-offensive-on-donbas-front-could-hold-key-to-course-of-winter-war.html) and interest rate hikes aimed at bringing down inflation, the combined wealth of the world’s top 500 billionaires fell by $1.4 trillion. Even though his fortune fell by $13 billion, the LVMH chairman and CEO was crowned the richest man in the world – a spot that has traditionally been occupied by American billionaires. [Tesla founder](https://english.elpais.com/culture/2022-09-21/elon-musk-and-tesla-car-deaths-the-price-of-a-businessmans-ambition.html) was named the richest person in the world. [Meta ](https://english.elpais.com/opinion/2022-02-15/shut-the-door-on-your-way-out-mr-zuckerberg.html)(the owner of Facebook), Alphabet (the owner of Google), Amazon and Microsoft has upended the Bloomberg Billionaires Index. And in 2022, with a net worth of $121 billion (a year-on-year change of $44 billion), he is now in third place. Long-term, I believe very much that Tesla will be the most valuable company on Earth!” Many tech companies saw stocks plummet and were forced to cut staff and slash costs to temper the concerns of jittery shareholders. Musk’s case, however, stands out from the rest. The stock crash of 2 in the rankings, behind Frenchman Bernard Arnault, the top shareholder in the French luxury company LVMH (the owner of brands such as Dom Pérignon, Hennessy and Christian Dior).

No one has earned or lost more of their fortune than Tesla and Twitter CEO Elon Musk. The 51-year-old entrepreneur recorded an unprecedented $200 billion...

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The 51-year-old entrepreneur recorded an unprecedented loss in wealth since November 2021, according to Bloomberg Billionaires Index.

Musk is the only other person to have reached the $200 billion plateau. Even Musk has sold billions of dollars in shares of the company as he continues efforts to make Twitter profitable. Amazon founder Jeff Bezos became the first person to become worth more than $200 billion in April 2021.

No one has made - or lost - more money than Elon Musk. The 51-year-old entrepreneur recorded an unprecedented $US200 billion ($A294 billion) loss in wealth ...

Even Musk has sold billions of dollars in shares of the company as he continues efforts to make Twitter profitable. "One thing's for sure," Musk predicted. "How do you make a small fortune in social media?"

Tesla struggles as tech billionaire loses half his fortune in 13 months.

This is believed to be the biggest ever financial loss of an individual's net worth and was more than half of Mr Musk's total portfolio, which peaked at $338bn in November 2021. He soon made sweeping changes and even proposed charging users $20 a month to pay for their blue verification tick, which did not go down well with many. Elon Musk has made history by becoming the first person to lose $200billion after a big downturn in Tesla's stock price.

Elon Musk has become the first person ever to lose $200 billion from his net worth, according to a Bloomberg report. The CEO of Tesla, SpaceX and Twitter is ...

Follow GR on [Google News ](https://news.google.com/publications/CAAqLQgKIidDQklTRndnTWFoTUtFV2R5WldWcmNtVndiM0owWlhJdVkyOXRLQUFQAQ)and [subscribe here ](https://greekreporter.com/about/newsletter/)to our daily email! Even when Musk finds a new person to head Twitter, he will still be the owner and ultimate decision-maker at the company. After that, I will just run the software & servers teams. After that, I will just run the software & servers team.” Musk promised to abide by the results of the poll and later wrote: Tesla shares have taken a hit this year, with stocks down 65% as of December 30.

In January 2022, Elon Musk reached the second largest fortune in the world, surpassing $200 billion, only behind Jeff Bezos, owner of Amazon.

More than 17 million people participated and 57.5% voted in favor of him stepping down as CEO of the company. A year later, Musk's fortune plummeted to become the first person to lose 200 billion of his personal fortune, according to Bloomberg. He therefore implemented a cost-cutting policy and began charging $8 per month for verification of his official accounts. Musk's idea is to turn Twitter into a profitable business. [Elon Musk](https://www.marca.com/en/lifestyle/elon-musk.html) reached the second largest fortune in the world, surpassing $200 billion, only behind [Jeff Bezos](https://www.marca.com/en/technology/2022/11/14/63729b52e2704eb4318b4596.html), owner of Amazon. [Elon Musk's fortune collapses as he suffered the biggest net worth loss in modern history](https://www.marca.com/en/lifestyle/us-news/2022/12/30/63ae703eca4741c2448b45e3.html)

Twitter is crashing straight into politics — but Elon Musk's grandiose next idea could be a full pile-up with the federal government.

And While Musk’s businesses don’t currently run afoul of monopoly review by either agency, that could easily change if he were to buy a lot of other apps, said Charlotte Slaiman, the competition policy director at nonprofit Public Knowledge. The FTC is “going to take a fine-tooth comb through everything that they attempt to do.” Depending on how he links up the satellites and the X App, Musk could start to collide with California’s net neutrality law — which says internet service providers are not allowed to slow down or limit services online, especially efforts to advantage their products over competitors. At this point, the idea of a neural connection to any app is purely speculative. If a person used a Neuralink chip to interact with the X App, would the app literally be reading that person’s mind? The FTC is currently investigating allegations made by former Twitter security chief Peiter ‘Mudge’ Zatko, who claims the company intentionally misled the agency and violated the terms of the 2011 settlement, according to a person familiar with the probe who is not authorized to speak publicly. “A big part of what really led to the downfall of Diem was the bad press around Mark Zuckerberg and Meta specifically,” said Cheyenne Hunt-Majer, a big tech policy advocate at Public Citizen. It doesn’t mean Musk wouldn’t try — but he’d need to find partners willing to test the edges of what’s possible under the law. And Musk could invite even more scrutiny from the Securities and Exchange Commission if he were to bring crypto trading to the platform. But building a “super-app” like WeChat is a far more complicated challenge than Twitter, with far more points of conflict with regulators in Washington, California, Brussels and elsewhere. This clearly takes a page from WeChat’s playbook: The Chinese app created new ways for consumers and businesses to transact without cards or hardware, making money through merchant and withdrawal fees. Musk pitched investors on building Twitter into a digital payments behemoth that could generate as much as $1.8 billion by 2028 when he was getting financing for the buyout earlier this year.

It's hard to find much to say about Elon Musk except for this: He was once the richest man in the world and widely hailed as a genius, or at least respected ...

Because those, in the end, are the ugly and unbalanced rules of power: The less a billionaire cares about anything, the more we have to care about him. But it hadn’t occurred to me that the more frightening possibility might be a corporation that is the opposite of anonymous—that is, in fact, helmed by, and subordinate to, a single man with unmet psychological needs for whom the corporation itself barely counts. To the extent that his stint as CEO reveals how much a disaffected billionaire can lose without caring—and how exuberantly he feels he can perform that carelessness—and how unafraid he is of any regulatory entity, including the FCC and even the EU, this is a chilling little military exercise demonstrating what billionaires can do. When the “Yes” option pulled ahead, I found myself becoming the worst kind of online spoilsport: while people on Twitter sick of him celebrated that he was no doubt pouting at discovering how unpopular he plainly is, I started pedantically pointing out that there is actually no humiliating this guy who owns the company doing the “polling” and who has strategically framed the poll such that the “yes” option could describe what he’d already announced he was doing anyway. [wrote back in November](https://slate.com/technology/2022/11/elon-musk-twitter-polls-vote.html), voting in Musk’s polls is both entirely useless and the only way to provide feedback to a man whose money has insulated him from reality. Musk knows this; the self-described free speech absolutist has responded to speech he doesn’t care for on the platform with weird, whack-a-mole-ish inefficiency on the one hand and vengeful arbitrariness on the other. If he loses a poll, he’ll at the very least, as Pahwa puts it, “lose the democratic cover of his decision and further clarify what’s obvious—that he’s an erratic, likely unreliable leader.” Pahwa is absolutely correct and yet this feels … This is particularly clear in the “polls” Musk likes to conduct, while promising to “abide” by their results and then repeatedly breaking that promise. The point is that an implied but distinct subset of people are noble citizen-agents who deserve freedom (from regulation), and everyone else’s suffering is irrelevant. But Trump’s wealth is nothing compared to Musk’s, and at least Trump was somewhat legible: he was an ego-mad con artist, mainly interested in bilking his supporters and enriching himself and his family. They have for the most part honored their end of things by remaining tactfully behind the scenes, moving in rarefied circles, so we don’t have to grapple with what their existence really means. He dislikes chess, for instance, for being too egalitarian and insufficiently chaotic: “too simple to be useful in real life: a mere 8 by 8 grid, no fog of war, no technology tree, no random map or spawn position, only 2 players, both sides exact same pieces, etc.” Sure, this declaration was uttered while seeking to downplay the achievements of World Chess Champion Garry Kasparov (who had accused Musk on television of “moral idiocy;” Musk responded by claiming his iPhone could play better chess than Kasparov).

Billionaire is set to face off with investors in litigation over 'funding secured' claim in 2018.

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(Bloomberg) -- Tesla Inc. is seeking to call the chief of Saudia Arabia's Public Investment Fund as a defense witness for a trial over claims Elon Musk ...

Tesla Inc. is seeking to call the chief of Saudia Arabia's Public Investment Fund as a defense witness for a trial over claims Elon Musk defrauded ...

The loss is most recently due to the downward trajectory of Musk's Tesla. Since the EV company achieved a $1 trillion market capitalization in October 2021, ...

In all, it’s a steep decline for the man who was once the richest person in the world. Given that, we’re only breaking out our tiny EVs (electric violins) for the second richest man in the world. The multibillionaire bought the company for $44 billion, and he’s had to sell many of his Tesla shares to help cover the acquisition. (For his part, Musk has maintained that Tesla is doing well, [tweeting](https://twitter.com/elonmusk/status/1603860632842907648) that the company is “executing better than ever” just last month.) And the stock was hammered again today after deliveries of new cars in the fourth quarter of 2022 fell [below Wall Street’s expectations](https://www.cnbc.com/2023/01/03/tesla-stock-down-10percent-following-deliveries-report-.html). Since the EV company achieved a $1 trillion market capitalization in October 2021, shares have [plummeted](https://robbreport.com/motors/cars/tesla-stock-plummeting-1234789874/), sometimes dropping more than 11 percent in a single day. [Tesla](https://robbreport.com/tag/tesla/).

Billionaire could fall to third spot under Gautam Adani on global ranking of billionaires ... Tesla chief executive Elon Musk on Tuesday continued to lose wealth ...

[South Asian billionaire Gautam Adani](https://www.thenationalnews.com/business/economy/2022/12/24/indian-billionaire-gautam-adani-takes-control-of-ndtv-after-founders-sell-their-stake/), who leads the [Adani Group conglomerate](https://www.thenationalnews.com/business/markets/2022/09/17/billionaire-adani-to-inject-25bn-in-cement-company-his-son-will-now-helm/). Mr Musk is now the first person in the world to lose more than $200 billion, and is projected to lose even more, Bloomberg News reported. [after a mixed Tesla deliveries report](https://www.thenationalnews.com/business/technology/2023/01/03/teslas-annual-deliveries-surge-40-in-2022-to-cross-a-million-for-the-first-time/).

The Tesla CEO's wealth has suffered along with the price of shares in his electric car brand.

As of Jan. [SpaceX](https://www.entrepreneur.com/topic/spacex). Bloomberg notes that Musk has sold such a large percentage of his Tesla stock that his most significant asset is now Space Exploration Technologies Corp. His fortune peaked at $340 billion on Nov. Still, according to Bloomberg, he does stand alone astride a bonfire of money, partly because his Twitter purchase may have torpedoed his Tesla fortune. [Elon Musk](https://www.entrepreneur.com/topic/elon-musk).

The CEO of Tesla, SpaceX, and Twitter is worth $137 billion, following a recent drop in Tesla shares, according to the Bloomberg Billionaires Index. At its peak ...

Follow GR on [Google News ](https://news.google.com/publications/CAAqLQgKIidDQklTRndnTWFoTUtFV2R5WldWcmNtVndiM0owWlhJdVkyOXRLQUFQAQ)and [subscribe here ](https://greekreporter.com/about/newsletter/)to our daily email! After that, I will just run the software & servers teams. After that, I will just run the software & servers team.” Musk promised to abide by the results of the poll and later wrote: [Contact our newsroom ](https://greekreporter.com/contact)to report an update or send your story, photos and videos. Tesla shares have taken a hit this year, with stocks down sixty-five percent as of December 30th.

Landlord alleges the social media company owes back rent for its California Street branch in San Francisco.

Musk bought Twitter for $44bn (£37bn) in October 2022 and the company is on the hook for about $1bn a year in interest payments from the deal. Twitter signed a seven-year lease for the offices in 2017. He has sold nearly $23bn (£19bn) worth of the electric vehicle company’s stock to fund the purchase since April, when he started building a position in Twitter.

Twitter CEO Elon Musk's push to cut costs at the social media platform has seen the company's San Francisco headquarters shrink from six floors to two.

[report by real estate outlet The Real Deal](https://therealdeal.com/2023/01/03/twitter-sheds-two-thirds-of-its-hq-offices-in-san-francisco/?irclickid=wh6Q1FUKzxyNW5-3KowqDQerUkAzLS3ByzKu180&irgwc=1&utm_source=impact&utm_medium=af), Shorenstein is looking to refinance a $400 million loan on the property. ADAM SCHIFF IN DELETED TWEET: ‘YOUR BRAIN IS TOO SMALL’](https://www.foxbusiness.com/politics/twitter-ceo-elon-musk-blasts-adam-schiff-deleted-tweet-your-brain-too-small) [TECH INDUSTRY LAYOFFS UNFOLDING AT FASTER RATE THAN AT ANY TIME DURING COVID-19 PANDEMIC: REPORT](https://www.foxbusiness.com/technology/tech-industry-layoffs-unfolding-faster-rate-covid-19-pandemic-report) Musk has been attempting to renegotiate the terms of Twitter's lease for its headquarters due to the downsizing of the company's workforce. [facing a lawsuit](https://www.foxbusiness.com/technology/twitter-sued-not-paying-rent-san-francisco-headquarters) after the company stopped paying rent for the office space at its headquarters. Roughly 800 of those were workers based in San Francisco.