Image Credit source: Twitter
Elon Musk’s wealth has decreased by $ 11.1 billion, or Rs 86,056.97 crore, due to the fall in Tesla shares. So far this year, his total wealth has decreased by $ 77.6 billion.
richest man in the world Elon Musk ,Elon Musk) Total have been out of the $ 200 billion club. Musk’s wealth has fallen below $200 billion after Tesla’s stock price fell nearly 7 percent on Tuesday. Musk’s net worth fell 5.40 percent to $192.7 billion due to the sale of Tesla shares. This is the lowest level since 26 August 2021. However, the Tesla CEO still tops the list of Bloomberg Billionaires Index. Amazon Inc.’s Jeff Bezos (Jeff Bezos) is second with a net worth of $ 127.80 billion.
The last time Elon Musk’s net worth fell below $200 billion was in March 2022, when the market crashed. However, the Tesla co-founder made up for his loss after a strong return to the markets after that fall. After this, on April 4, 2022, Elon Musk’s net worth increased to $288 billion. On this day, Musk announced the purchase of a 9 percent stake in Twitter.
However, a few days later Tesla’s founder made a bid to buy Twitter and which was approved by the Twitter board, but the Twitter acquisition has raised doubts due to the fake account, which caused the shares of both companies to fall.
Twitter deal on hold
Elon Musk said in May 2022 that the Twitter deal would be on hold until Twitter provided public evidence about the number of accounts on the platform controlled by bots. Twitter says purchases are proceeding as planned.