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Elon Musk Reclaims World's Richest Person Title · Elon Musk Podcast

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  Welcome back to the Elon Musk podcast.
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  Today, we're going to explore the ever-changing fortune of one
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  of the world's most controversial and influential
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  billionaires. Now from his meteoric.
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  Rise to the top of Forbes real-time billionaires list to
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  his recent Fall From Grace amid Twitter controversies and a
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  dramatic collapse of Tesla's stock.
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  Price elon's wealth has been subject to constant flux and
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  uncertainty. However, as the latest updates
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  musk is once again, the world's richest person, you overtook
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  Bernard arnault the CEO of French luxury brand lvmh on
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  December 8th, 2022, Elon Musk, the CEO of Tesla and Twitter,
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  dropped to second place on Forbes list of real-time
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  billionaires. Putting him behind Bernard
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  arnault, the CEO of French luxury brand lvmh Forbes,
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  estimated musk's wealth of that time at 183 point, six billion
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  dollars slightly below our nose. Estimated wealth of one hundred
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  and eighty. Six point two billion.
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  Forbes attributed, our nose rise to the fact that lvmh is stock
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  remained mostly flat that year and while Tesla share price has
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  experienced a dramatic collapse down to 56 percent in 2022.
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  And Forbes. Also suggested that musk's
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  Twitter activity, particularly his controversial tweets and
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  association with right-wing influencers, may be impacting
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  Tesla stock price. At that time.
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  Musk's wealth peaked in November of twenty twenty-one.
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  When he was worth three hundred and twenty billion dollars,
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  according to Forbes. And since then musket, sold off
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  about four billion dollars of Tesla stock to fund forty four
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  billion dollars worth of Twitter, which he faced issues
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  including layoffs and concerns from advertisers and also the
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  platform's direction as a whole now musk has also sold blocks of
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  Tesla shares. Worth a total of fifteen point
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  four billion earlier this year. When his deal to Twitter was
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  announced Estimating musk's wealth, accurately is
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  challenging because much of his money is tied up in his private
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  companies, including SpaceX, the boring company and neurolink in,
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  despite his losses must remains far ahead of Indian, billionaire
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  Guatemala Dottie, who is worth a hundred and thirty five billion
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  dollars and also Amazon founder, Jeff Bezos, whose wealth is
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  around 113 to a hundred and fifteen billion dollars now.
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  Bloomberg's billionaires index. Musk is still in first place.
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  Now, with a net worth of 171 billion dollars while are no
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  sits in second place with 166 billion dollar, net worth and
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  Bloomberg notes, that musk has lost around a hundred billion
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  dollars. According to their calculations,
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  this list updates daily after the market closes.
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  Now, despite the setbacks and controversies must kiss head,
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  some success in 2023, he won a federal Civil Trial in San Cisco
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  earlier this month over, whether he should be held liable for
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  tweeting in 2018 that he had. Quote, funding secured to take
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  Tesla private though. The transaction ultimately did
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  not happen. Musk, also tweeted this month,
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  that Twitter was trending to break even, and that he had to
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  save the platform for bankruptcy.
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  Now while he's still facing legal claims from laid off,
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  Twitter, employees, and lawsuits from landlords, claiming the
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  Twitter offices have fallen behind behind on rent, musk's
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  acquisition of Twitter May provide a new Avenue for him to
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  continue expanding his influence and his wealth.
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  Musk's position is the world's wealthiest person has
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  periodically shifted between him are no and Bezos.
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  Elon Musk has sent an email to his remaining employees at
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  Twitter, to inform them of quote, very significant
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  Performance Based stock awards that are set to take place on
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  March 24th according to an internal memo.
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  Ended by The Verge, the announcement comes after musk's
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  recent organizational, overhaul, which saw hundreds of Twitter
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  employees laid off, including several senior loyalists in
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  nearly all of the production team.
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  The memo titled performance. Awards marks.
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  Musk's First Communication to Twitter employees, since the
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  layoffs. Now, musk's previous comments
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  about the system. You set up as SpaceX to allow
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  employees to sell the company's stock to interested.
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  Investors have fueled speculation about he how he'll
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  make Up for the stock awards that went away when he took
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  Twitter private, however given Twitter's distress financial
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  situation relative to SpaceX, it remains to be seen what the
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  appetite for its stocks will be in the short term must Cuts.
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  Have left. Many of Twitter's employees
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  uncertain about the full scope of the layoffs in the company's.
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  Internal directory has been offline since musk took over and
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  he recently, shut down employees ability to use the company
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  slack. And after turning off Slack,
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  Musk also disabled Google Chat for work emails without
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  explanation leading some employees to believe that the
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  move was intended to thwart internal communication during
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  these layoffs and according to current and former employees.
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  Twitter's head count is now, well below 2000, a significant
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  reduction from the roughly 7,500 people on the payroll when musk
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  took over as one employee, who just laid off, put it.
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  I think he's just tearing this thing down.
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  Down to the studs and trying to run as lean as possible till the
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  market turns around. Thank you for tuning in to the
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  Elon Musk podcast brought to you by stage. 0 Productions and
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  hosted by me will Walden. We hope you've enjoyed today's
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  episode and gained some valuable insights.
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  If you haven't already, be sure to subscribe on your favorite
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  podcast app so you never miss an episode and for exclusive ad
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  free content. Check out our patreon at
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  patreon.com slash stage Zero. Thanks for listening and we'll
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  see you next time. Time.