It’s been a bad year to be a billionaire–and not just for those who blew up their businesses or got themselves arrested.
categorizes as media & entertainment, is some $78 billion poorer this year, as shares of Facebook-parent Meta Platforms have fallen by 66%.stems from electric vehicle maker Tesla.
Musk has been reminded of that fact by investors, who have pushed Tesla’s stock price down 60% through December 20 this year, in part due to fears that Musk, who is also CEO of rocket maker SpaceX, is spending far too much time and money on his newest toy, Twitter . Musk has shed more than $115 billion of his wealth in 2022, by’ count. He began the year the planet’s richest person by a huge margin, some $70 billion ahead of French luxury goods kingpin Bernard Arnault.
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