(Presidentialwire.com)- Elon Musk lost a whopping $115 billion in 2022, more than any other billionaire last year, according to The Daily Wire. Most of Musk’s net worth reportedly comes from Tesla which has dropped 67% since the beginning of last year.
The company was dragged down by investors who reportedly felt that Musk is spending more time with his new social media company, Twitter, which he bought out for $44 billion. The new “chief twit” began 2022 by being worth more than French luxury goods kingpin Bernard Arnault by about $70 billion, but he has since lost that top spot to Arnault as the Tesla stock continued to plunge.
Musk has been headlining news for weeks since he acquired the big tech platform. He has been releasing internal documents called the “Twitter Files” to multiple independent journalists showcasing the platform’s collaboration with government agencies and political operatives to silence content for “misinformation.”
In one popular thread, the Twitter files revealed that the company took steps to censor the Hunter Biden laptop story ahead of the 2020 election despite executives saying that there were hardly grounds to do so.
The chief twit and Tesla CEO says that he has not forgotten about Tesla and SpaceX but assures that his team “are so good that often little is needed” from him.
Despite writing an $11 billion check to the government in 2021, Musk is often criticized for not “paying his fair share of taxes.” He moved Tesla headquarters to Texas from California after government lockdowns prevented his company from reopening in the spring of 2020.
Musk is not the only billionaire to lose billionaires. After making anti-Semitic remarks, Ye, formerly known as Kanye West, was cut from several brands. FTX co-founder and former CEO Sam Bankman-Fried also lost his entire fortune after the cryptocurrency exchange filed for bankruptcy, according to American Pigeon.