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<ul><li>Elon Musk, once the world’s richest man, is overtaken by Bernard Arnault of LVMH.</li><li>The Tesla owner became the first person in history to lose $200 billion in net worth.</li><li>Tesla Stock Fell 65% in 2022, its biggest-ever annual decline.</li></ul>Twitter CEO Elon Musk’s net worth was $340 billion until November 4, 2021, making him the richest person in the world. However, Musk’s fortune dropped to $137 billion, last month. Bernhard Arnault, the owner of LVMH luxury goods company, has overtaken with a net worth of over $179 billion.Specifically, Tesla stock experienced a 65% drop, its biggest annual plunge in 2022. Tesla has lost 69% of its value, due to Musk’s purchase of Twitter and associated diversions, and market anxiety regarding growth assets.<a href="https://coinedition.com/musk-faces-a-major-loss-of-200-billion-amid-market-crash-inflation/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Musk Faces a Major Loss of $200 Billion Amid Market Crash Inflation

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