The assets of Tesla company CEO Elon Musk continued to decline. He has come down the list of the rich since his company’s shares fell 2.2 per cent.
Elon Musk, Tesla Inc. CEO.
Tesla company CEO Elon Musk often makes headlines on social media. These days he is in a lot of discussions about cryptocurrency. One of his tweets created quite a stir in the cryptocurrency market. Its prices are also continuously decreasing. In the same way, Allen is lagging behind the list of world’s most wealthy. Elon Musk has lost up to $ 50 billion so far this year.
Earlier his wealth was more than 200 billion dollars, which has reduced to just 162 billion dollars. According to the Bloomberg Index report, Elon Musk was first on the list of the richest people in the list, but LVMH chairman Bernard Arnault overtook him. The shares of Elon Musk’s company fell by 2.2 percent, due to which they came down in the list of the rich.
The richest person in January
In January this year, 49-year-old Musk became the richest man in the world. Tesla’s stock had gained 750 percent, after which the stock reached $ 900. Due to this boom, Musk’s assets had crossed $ 200 billion. His net worth was at $ 202 billion on 13 January. But due to the decline in the availability of semi-conductors, Tesla shares have fallen drastically in the last four months.
The crypto market was rolled down by a tweet
Elon Musk made a tweet some time ago which caused the entire cryptocurrency market to collapse. He spoke of not accepting Bitcoin as a payment to buy a car. Which led to a sharp fall in bitcoin prices. In just 2 hours, the price of one unit of this was recorded to have fallen by 6.71 lakh rupees. The impact of Musk’s tweet was not limited to bitcoin. This has given a big blow to the entire crypto market.
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