Elon Musk has seen $148 billion wiped off his net worth since January

Tech billionaire turned unelected American bureaucrat Elon Musk is reportedly losing billions from his net worth each day, as his controversial political actions continue to damage his companies’ reputations.

The 53-year-old’s wealth is reportedly declining at an eye-watering pace, having lost a whopping $148 billion since January 17 this year – nearly quadruple the yearly cost to wipe out world hunger by 2030.

According to the Bloomberg’s Billionaires Index, SpaceX and Tesla CEO Musk lost $29 billion on Monday (10 March) alone largely due to a sharp decline in his car company’s stock, as well as investor concerns over dipping sales.

Analysts have reported, according to CNBC, that Tesla’s stock had its worst day since 2020 on Monday, and had dropped by 45 per cent since

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