Having lost 20 billion USD in just one day, Elon Musk is still the billionaire making the most money in the world in 2023.
According to Forbes, after spending $44 billion to buy Twitter, billionaire Elon Musk spent the first year reforming, firing many employees and changing the company’s new name to X.
According to Bloomberg, platform X is in extreme financial trouble under the management of Elon Musk.
Once again, the billionaire made a controversial statement on social network X, making many large companies angry and not wanting to continue ordering advertising on this social network platform.
To earn new revenue, Elon Musk is trying to switch to a membership fee service with an upgraded service package with fewer ads and more features on X.
This year, Elon Musk lost billions of dollars as the electric car company’s stock plummeted. According to Bloomberg, on the trading session of July 20, Tesla shares decreased by 9.7%, causing Elon Musk’s assets to evaporate 20.3 billion USD in just one day.
Billionaire Elon Musk. (Photo: CNN)
Tesla shares plunged after the company reported its lowest second-quarter profit margin in four years. The reason is that Tesla has continuously reduced the price of electric cars. During the board meeting, Musk vowed to continue lowering electric vehicle prices if interest rates continue to rise.
Elon Musk once lost up to 200 billion USD in the period from November 2021 to January 2023 because Tesla shares dropped sharply. But this year’s crisis was created by Elon Musk himself.
Billionaire Elon Musk also failed this year with the world’s most powerful rocket. In November 2023, the 2-stage rocket of the company owned by Elon Musk was launched from the Starbase space port in Texas (USA). The rocket propelled the Starship to an altitude of 148km for a 90-minute test launch into space and back to earth.
However, the Super Heavy stage 1 thruster, despite achieving important results in separating the Starship core, exploded over the Gulf of Mexico immediately afterward. Billionaire Musk is the founder, CEO and chief engineer of SpaceX.
Despite many losses, according to Forbes, Mr. Elon Musk is still the person who made the most money this year. Shares of electric car company Tesla increased more than 100%. Aerospace company SpaceX was valued at $150 billion in July and is now worth $180 billion. Thanks to these two companies, Elon Musk’s assets increased sharply.
His current assets are 254.9 billion USD. In one year, this billionaire pocketed an additional 108.4 billion USD.
On Fobres’ list, some other billionaires who made a lot of money last year include Mark Zuckerberg adding 74.8 billion USD, Jeff Bezos increasing 65 billion USD, Prajogo Pangestu adding 47.9 billion USD.
