Elon Musk has lost US$200bil since November 2021

Musk has lost RM878bil since November 2021, according to Bloomberg Billionaires Index. — Reuters

NEW YORK: No one has made – or lost – more money than Elon Musk.

The 51-year-old entrepreneur recorded an unprecedented US$200bil (RM878bil) loss in wealth since November 2021, according to Bloomberg Billionaires Index. Musk was reportedly worth US$340bil (RM1.49 trillion) 14 months ago. He is now valued at US$137bil (RM601.43bil), which also cost him the distinction of being the world’s wealthiest man. That title now belongs to French lifestyle brand chairman Bernard Arnault, who’s worth US$162bil (RM711.18bil).