Elon Musk’s net worth has declined by $132 billion in 2022, according to the Bloomberg Billionaires Index
As of December 23, Musk’s fortune was still worth $139 billion, making him the world’s second-richest person
Tuesday’s trading session for Tesla stock is expected to cause an additional $7-8 billion decline in Elon Musk’s net worth, bringing the total year-to-date loss to about $140 billion
Bernard Arnault, co-founder and CEO of LVMH, is currently the world’s richest person with a net worth of $20 billion more than Musk’s
Gautam Adani is the third richest person in the index with a net worth of $110 billion
Elon Musk’s net worth peaked at over $300 billion earlier in the year, but a 68% decline in Tesla stock and concerns about his commitment to the company has contributed to the significant loss
Other factors affecting Tesla’s stock include the possibility of an economic recession in 2023 and higher interest rates making growth stocks like Tesla less attractive to investors
According to Bloomberg, Elon Musk’s SpaceX equity is currently his most valuable asset at $47 billion, followed by Tesla stock at $40 billion, options in Tesla at $28 billion, Twitter at $20 billion, and The Boring Company at $3.3 billion
Tesla has been the most profitable short of 2022, generating mark-to-market profits of $15 billion for short sellers
