Musk’s fortune collapses

Elon Musk’s net worth has plummeted by more than $200 billion over the past 13 months, from $338bn in November 2021, one of the biggest wealth losses in recent history

1995 
Co-founds Zip2 to produce online city guides for newspapers

1999 
Compaq pays $305 million to acquire Zip2. Musk nets $22 million

Co-founds x.com, online payments company which merges with Paypal

2002
eBay buys PayPal for $1.5 billion. Musk makes $180 million, launches SpaceX

2003
Begins designing all-electric Tesla Roadster.
Musk becomes largest shareholder with $6.5 million investment. CEO since 2008

2016
Musk starts The Boring Company – tunnel construction – and Neuralink

2022
Musk acquires Twitter, Inc. for $44 billion


$28.5bn

Aug 2020: $120bn
Tesla’s market value hits $760 billion

Jan 2021: $201bn
Musk becomes world’s richest person, overtaking Amazon CEO Jeff Bezos

Nov 2021: Wealth peaks at $338bn

Apr 2022: $273bn

Jan 11, 2023: $132 billion. Down $206bn since peak

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Source: Bloomberg Billionaires Index 
Picture: Getty Images 
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