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Elon Musk has reportedly seen his fortune cut by over US$100 billion this year, but he is still the richest person in the world. According to Fortune, the CEO of Tesla has a net worth of between US$170 billion to $182 billion, edging him slightly ahead of Bernard Arnault, the founder of luxury goods giant LVMH. Arnault reportedly has a net worth of US$157 billion. Musk’s decrease in net worth came as Tesla’s shares came crashing down after peaking in November 2021. During that time, Musk was reportedly worth US$340 billion. The only other competitor for the world’s richest person […]

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"Elon Musk sees net worth plummet by US$100 billion after Tesla shares hit record low"

I am a great believer in free-market economics and a great fan of Elon Musk, at least most of the time; PayPal, Tesla, Space X, etc. are gifts to us all.

But...

Don't you just love it when obscenely rich people take a good swift kick to the... wallet?

555!

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