Elon Musk Breaks Another Record: First Person to Lose $200 Billion

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Elon Musk Breaks Another Record: First Person to Lose $200 Billion
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The tumbling fortune of the world's second-richest person.

Beyond Tesla, though, Twitter is also contributing to Musk’s downfall. The multibillionaire bought the company for $44 billion, and he’s had to sell many of his Tesla shares to help cover the acquisition. Of course, his decision to fire dozens of Twitter employees and his bizarre approach to running the social-media site haven’t helped him in the eyes of the public either.

In all, it’s a steep decline for the man who was once the richest person in the world. In January 2021, he became just the second person to accumulate a personal fortune of more than $200 billion. (Unsurprisingly, Amazon’s Jeff Bezos

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