This year, Tesla CEO Elon Musk’s net worth has fallen by $100 billion, but he remains the world’s wealthiest man with a fortune of $169.8 billion, according to Bloomberg Billionaires Index.
The automaker comprises the bulk of his fortune, but has been struggling due to supply-chain issues, soaring raw material costs and COVID restrictions in China, its largest market outside the US.
Musk, 51, has also invested heavily in Twitter after acquiring the social media platform for $44 billion. He is currently restructuring the company in order to make it profitable.
This year, Tesla shares are down 52% to $167.87, compared to the 29% decline in the tech-heavy Nasdaq 100 Index.
