Shulou(Shulou.com)11/24 Report--

Beijing, Oct. 24 (Beijing)-the collapse in Tesla's share price this year has wiped more than $110 billion (800 billion yuan) off the wealth of its CEO Elon Musk, more than the total net worth of Google co-founder Sergey Brin.

Musk's wealth peaked in November, when it was just over $320 billion (about 2.32 trillion yuan), but Forbes estimated this week that his net worth is now about $209 billion, down about $110 billion in 11 and a half months. Musk's wealth is mainly concentrated in his Tesla stock.

Tesla's share price has fallen 46 per cent since January, closing at $214on Friday, with a market capitalization of $672 billion. In October last year, Tesla's market capitalization reached the $1 trillion mark. After selling some of his shares in Tesla earlier this year, Mr Musk now holds 155 million shares in Tesla, or just under 15 per cent.

Tesla's share price plummeted after Musk's fortune lost $110 billion in 11 and a half months after Mr Musk announced plans to buy Twitter in April. His wealth fell from $302 billion in April to $216 billion in June, but recovered to $279 billion in August. Since then, his net worth has declined as he tries to pull out of the Twitter deal.

As a result, Musk's personal wealth has fallen by 35% in less than a year, by $28 billion this month alone, but he is still the richest man in the world. He is still $80 billion richer than Bill Gates and $71 billion more than Jeff Bezos.

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