Mashable: Musk's net worth has decreased to $137 billion as a result of the recent drop in Tesla shares.

The first person in history to have had $200 billion of their net worth taken away is Elon Musk. Musk passed the mark of owning more than $200 billion in "personal wealth" in January 2021, coming in second place after Jeff Bezos of Amazon. Musk's net worth has decreased to $137 billion as a result of the recent drop in Tesla shares.

This also takes into account the shocking 11% decline in Tesla stock on December 27. Tesla is now offering a $7,500 discount to American consumers on its two most well-liked models through the end of the year. Its Shanghai plant's output appears to have likewise decreased.

Musk's net worth peaked in November 2021 at $340 billion. Then, for more than a year, he was the richest man in the world. He was overtaken last month by Bernard Arnault, a French business billionaire and co-founder of the powerful LVMH. Musk invested $44 billion in late October to purchase the social media platform Twitter.

The electric vehicle business is no longer his biggest asset because he sold a significant percentage of his Tesla shares to help pay for the acquisition. On Twitter, Elon Musk has regularly criticized the Federal Reserve for raising interest rates at the fastest rate in decades.

In a recent podcast interview, the multibillionaire entrepreneur was heard telling listeners about the pitfalls of borrowed funds during a volatile market time, according to Bloomberg. This month, Musk was cited as stating the following on the All-In podcast: "In a volatile stock market, I would strongly advise against having margin debt and to keep your powder dry in terms of capital. In a weak market, you might experience some really severe things."