In January, Musk had an estimated worth of $304.2 billion, Forbes estimated. His net worth has dropped $100 billion this year. Here's why.
This is the second time since Oct. 1, 2021, that his net worth has dipped below $200 billion, except for a brief drop to $199 billion in May of this year, Forbes reports.
– worth $7 billion – as a legal battle with Twitter loomed. Twitter sued Musk to enforce the rules of their acquisition agreement after Musk tried to back out. Musk then countersued, alleging the company committed fraud, breach of contract and violation of a securities law. in order to let the deal close, and last month, Musk officially acquired the company for $44 million.
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