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Elon Musk's net worth sinks to two-yr low as Twitter CEO loses $7.7 billion

The selloff adds to the woes of Musk, who lost his status as the world's richest person to luxury tycoon Bernard Arnault on Dec. 13

Elon Musk
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Twitter CEO Elon Musk. (Photo: Bloomberg)

Devon Pendleton | Bloomberg
Elon Musk’s fortune continues to take a beating a week after he lost his spot as the world’s richest person.
 
His net worth tumbled $7.7 billion on Tuesday after Tesla Inc. shares had their steepest one-day loss since October.

The selloff adds to the woes of Musk, who lost his status as the world’s richest person to luxury tycoon Bernard Arnault on Dec. 13. Musk’s losses for the year now total $122.6 billion, exceeding the amount he gained in 2021 when his fortune soared to rank among the biggest in history. The Tesla chief executive officer’s net worth is now

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