In 2022, billionaire Elon Musk who is the owner of Tesla, SpaceX acquired Twitter and was in the headlines throughout the year. And now in 2023, he has again become the talk of the town as the Twitter owner is the first ever person in human history to lose an overall net worth of $200 billion.
Never in the history of billionaires did anyone lose this much wealth in a short period. Elon Musk was listed as one of the richest people in the world for so many years.
After acquiring Twitter, Elon wasn’t able to focus on Tesla and his other holdings as a result of which he witnessed a sharp decline in Tesla’s shares. The major drop in his enormous wealth is because of the plummeting net value of Tesla’s shares.
According to reports, the experts are linking this whole thing with Elon Musk’s distraction from the company due to the whole Twitter acquisition and Supply-Chain constraint in China which got further foregrounded by the Russia-Ukraine war situation.
Twitter owner Elon Musk has recently bagged the unenviable title of becoming the first person in history to lose $200 billion and has even responded to tweets about it.
Netizens mocked Elon Musk on Twitter regarding this matter
A social media user, Not Jerome Powell, took to the Twitter platform to comment on the exponential loss faced by Elon Musk. He wrote,
“If you are having a bad year because you lost a lot of money in the market remember that Elon Musk has lost $200 billion and is still making jokes on Twitter.”
If you’re having a bad year cause you lost a lot of money in the market remember that Elon Musk has lost $200 billion and is still making jokes on twitter
— Not Jerome Powell (@alifarhat79) January 1, 2023
The user did not expect Elon Musk to reply to his mocking tweet
Elon Musk only replied with an emoji of a man shrugging.
— Elon Musk (@elonmusk) January 1, 2023
Here’s how other netizens reacted
One Twitter user named Nick Flor commented that he didn’t see it as a loss at all, he said:
“I don’t see it that way at all. It’s not so much that has lost money, but instead that he’s invested in an opportunity. Twitter has the opportunity to crush all other social media platforms.”
I don't see it that way at all. It's not so much that @ElonMusk has lost money, but instead that he's invested in an opportunity.
Twitter has the opportunity to crush all other social media platforms.
— Nick Flor 🥋+🇺🇸 (@ProfessorF) January 2, 2023
Another user named Kevin Janeway tweeted,
“All on paper. Remember that.”
All on paper. Remember that.
— Kevin Janeway (@KevinJaneway) January 1, 2023
A user named Space Simian also opinionized that Elon never had $200 billion in the first place and that those were just unrealized gains.
He never had $200 billions, that was just unrealized gains.
— Space Simian (@DeepSpaceSimian) January 1, 2023