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Bloomberg Billionaires Index reports that Elon Musk lost over $100 billion in 2022.
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This is the first year that the world's wealthiest person has lost more than $100 billion in one year.
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Musk's loss of $100.5 billion this year is mainly due to Tesla's falling shares.
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In November 2011, Elon Musk's net worth reached $340 billion.
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His net worth fell to $170 billion in 2022, when it was at its lowest point.
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This week, Tesla shares also fell to a two-year low.
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Musk currently owns a 15% stake in Tesla.
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