World's richest man Musk's wealth drops by over $100 billion for 1st time

The world's richest man Elon Musk’s wealth declined by over $100 billion for the first time in 2022 as Tesla shares dropped to the lowest level since November 2020. Currently, Tesla CEO Musk's net worth stands at $170 billion as per the Bloomberg Billionaires Index, after peaking at $340 billion a little more than a year ago.