Elon Musk’s net worth collapse is biggest loss of wealth in modern history

Billionaire’s fortune has fallen by $200bn, roughly equivalent to the GDP of Greece

Elon Musk‘s net worth has plummeted by more than $200bn over the past 13 months, one of the biggest losses of wealth in recent history.

The tech tycoon lost more than half of his fortune between November 2021 and December this year, according to the Bloomberg Billionaires Index, largely due to the collapse of Tesla stock during that time.

The $208bn wiped from Mr Musk’s net worth is roughly equivalent to the GDP of Greece. The amount lost is also more than the net worth of the world’s richest person, Bernard Arnault.