The fortune of the world’s richest person sees record drop in 2022 as Tesla stock sinks
Elon Musk has seen his fortune decline by over $100 billion this year, marking the steepest drop ever recorded on the Bloomberg Billionaires Index.
With a net worth of $169.8 billion, Musk remains the world’s richest person, as of Monday.
The unprecedented plunge reflects the latest challenges Tesla, which comprises the bulk of Musk’s fortune, is facing amid soaring costs for raw materials and supply-chain disorders. The problems have been significantly exacerbated by the latest recall of over 300,000 vehicles due to faulty tail lights, and by…