Estimates from Forbes saw wealth from billionaires drop from $13.8 trillion on Jan. 1 to $11.9 trillion on Dec. 9 as they've experienced a year of unstable stock markets, the Russian invasion of Ukraine, and inflation. | via philstarlife
as"the biggest loser of 2022," shedding more than $115 billion of his wealth. In his takeover of the social network, Musk spent $44 billion, selling billions of his Tesla shares to finance it.
His stint as head of Twitter has been rocky and has resulted in massive staff cuts and advertisers pulling from the platform. After holding a poll about whether he should step down or not on the app, Musk announced his plans to resign and said he'll be looking for a new CEO.
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