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The Bloomberg Billionaire Index revealed that Elon Musk was the first to have lost $200 billion of their net worth.
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Musk, who had more than $200 billion in "personal fortune" after Jeff Bezos of Amazon, was the second person to surpass that figure.
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He achieved this feat in January 2021. After Tesla shares fell recently, Elon Musk's wealth dropped to $137 billion.
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This includes a huge 11 percent drop in Tesla shares on Dec 27.
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This round-number milestone shows how high Musk rose during the boom in asset prices during the easy money pandemic era.
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Tesla reached $1 trillion in market capitalization in October 2021.
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It joined tech companies like Alphabet, Apple, Microsoft, and Amazon, even though it only represented a small portion of the global auto market.