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According to Bloomberg, Elon Musk's net wealth has dropped by 124 million USD since 2020.
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This is his lowest net worth since 2020, and his total net worth currently stands at 148 billion US dollars.
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His net worth dropped by 8 billion dollars alone on Tuesday as Tesla shares fell.
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The firm's share fell by 12% over the past week and, overall, 61% since January 2022.
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Bloomberg's estimates show that this is the first time his net worth has fallen since 2020.
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His wealth began to increase at the time of the pandemic outbreak.
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His wealth reached a staggering 340 billion dollars by November 2021.