Elon Musk has been scrambling since last year to "save" Twitter from collapse amid advertiser and user mistrust. But how was his wealth affected?
In October 2022, Musk topped the Forbes' 400 richest people ranking with an estimated worth of $251 billion.
This year too his net worth and top position remain the same at $251 billion. However, there have been a lot of ups and downs for the billionaire.
A month after the Forbes list came out, Musk bought Twitter for $44 billion, after which tech stocks tanked.
Musk's main company, Tesla's stock nosedived nearly 45% by the end of 2022 amid concerns about the $23 billion stock he sold to pay for Twitter.
His net worth stood at $147 billion by December 31, setting a Guinness World Record for the "largest loss of personal fortune in history."
Musk remained the richest man in the U.S., though the world's richest title was taken by French citizen Bernard Arnault of luxury goods conglomerate LVMH.
However, SpaceX's ($143 billion) and Tesla's ($5.7 billion) stock values increased in 2023. Musk has been $55 billion richer than Arnault since July 2023.