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Elon Musk, the CEO of Tesla and owner of Twitter, has regained his title as the world’s richest person, according to a Bloomberg report. Musk’s net worth currently stands at USD 187 billion, which is a significant increase from the beginning of the year when it was at USD 137 billion. Much of Musk’s wealth is tied to Tesla stocks, and he had sold a large chunk of them in 2022 to buy Twitter and, possibly, to cope with the losses incurred by his new acquisition.
Musk’s Twitter takeover brought about many extreme changes at the company, including firing the CEO, Parag Agrawal, and other top executives. Musk had promised that there would be no layoffs after November 2022, but the recent reports suggest that around 200 employees have lost their jobs. The layoffs have affected the monetisation infrastructure team, which now has fewer than eight people from 30.
Before Musk’s takeover, Twitter had around 7,500 employees, but after he assumed his role, the workforce was reduced to around 2,300 people. The recent layoffs have come as a surprise, especially after Musk’s promises to keep the staff intact.
Apart from his recent achievements, Musk was recognised by Guinness World Records for breaking the world record for the largest loss of personal fortune in history. The press release by Guinness World Records stated that Musk’s total losses far surpassed the previous record of USD 58.6 billion set by Japanese tech investor Masayoshi Son in 2000.
Musk’s recent accomplishments have made headlines worldwide, from regaining his title as the world’s richest person to taking over Twitter and making extreme changes. However, the recent layoffs at Twitter have sparked concern and questions about Musk’s promises to keep the staff intact.
