On December 12, Tesla’s stock price closed down 6.27%, and its market value has fallen by more than half since this year, partly due to the acceleration of Tesla’s stock sell-off after Musk’s $44 billion acquisition of Twitter.
Musk's wealth is mainly related to Tesla's stock, which has increased with the rapid rise of Tesla's stock price. It is reported that Tesla's stock price has soared more than 1,000% in two years.
Image source: Forbes
The filings of the US Securities and Exchange Commission (SEC) show that Arnault owns more than 60% of the shares of the LVMH group through holding companies and family trustsfunds. Arnault is worth an estimated $186.2 billion, according to Forbes.
Musk currently owns 14.11% of Tesla's outstanding shares, which has a market capitalization of about $530 billion, according to FactSet. Musk also owns more than 40% of SpaceX, adding billions to his book net worth based on a June 2022 private market valuation of $125 billion. Musk's total net worth is about $181.3 billion, according to Forbes.
In this year's stock market downturn, the LVMH group's share price will only fall by 1.5% in 2022. LVMH Group is headquartered in Paris and listed on Euronext Paris.
