The net worth of Musk, the wealthiest man in the world, has fallen by over $60 billion so far this year.
Musk has yet to lose the title of being the richest of the rich despite the fact that he has a princely sum. His total net worth of over $200 billion is still more than Jeff Bezos' net worth of $131 billion.
There are a number of reasons that Musk's ventures have had a bad year so far.
The net worth of the electric car company has plummeted by nearly $50 billion since Musk offered to buy the company for $44 billion, which has turned into an ongoing media circus of epic proportions, with Musk seemingly getting cold feet as of late. According to Fortune, the crash wiped out $12.3 billion from the CEO's net worth.
His bid to take over the social networking site caused him trouble. A shocking new report by Insider claims that Musk's space venture had to settle a $250,000 sexual harassment claim made against him by a flight attendant.
Musk pledged his loyalty to the Republicans and painted a significant target on his back, which could cause a wedge between himself and many of his supporters.
After Musk announced he wanted to buy Twitter, the shares of the electric car maker plummeted and have yet to recover to where they were before.
There are lines in the sand. Whether Musk likes it or not, the deal is still on the table. This spring will be particularly difficult for entrepreneurs because of the sexual misconduct allegations.
The crisis seems to be worsened by his actions.
Musk lost $10 billion in net worth in a single day.
The driver of the burning car kicked out the window.
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