Elon Musk, the world's richest man with a fortune of more than US $ 200 billion, has seen his value drop to $ 198.6 billion.
Citing sources from the Bloomberg Billionaires Index, Musk had lost $ 13.3 billion on Wednesday, February 23, 2022, further marking he has lost $ 71.7 billion so far this year.
To make matters worse, Tesla shares also posted 4 consecutive days of losses to their lowest level since September as global stock markets were in a downward momentum.
However, Musk still remains ranked number 1 in the world as the richest man in the Bloomberg Billionaires Index with a wealth value of $ 198.6 billion.
For the record, Musk acquired a fortune of $ 340.4 billion on November 4, then he lost $ 35 billion of it after announcing on Twitter that he would sell part of his Tesla stake.
In addition, he has completed a series of stock sales worth $ 16 billion and also donated $ 5.7 billion of his shares to charity.
In 2nd ranking, Jeff Bezos lost $ 22.9 billion with a wealth value of $ 169.5 billion, then followed by Bernard Arnault who shrank $ 22.5 billion at $ 155.5 billion and Bill Gates in 4th ranking with a wealth value of $ 122.4 billion.
