Why Elon Musk is No Longer the 2nd Richest Man in the World
-
Tesla CEO, Elon Musk has lost his spot as the second richest man in the world, according to Bloomberg
-
The controversial billionaire has lost more than 24% of his fortune since January
-
LVMH Chairman, Bernard Arnault is now the second richest person in the world, with a net worth of $182.4 billion
Elon Musk is not just sending Bitcoin tumbling but also his own fortune.
The Tesla CEO recently lost his spot as the second richest person in the world after his net worth dropped to $160.6 billion.
Musk wealth slump has been trigged by a drop in the value of Tesla shares.
Musk who was the richest man as recently as March has lost 20% of his net worth since that time, according to Bloomberg.
LVMH Chairman Bernard Arnault has taken the spot as the second richest person in the world, with a net worth of $182.4 billion.
The SpaceX boss has been at the helm of controversy surrounding bitcoin recently.
Read also: Elon Musk Crashes Crypto Market as Bitcoin Drops to 42k
The billionaire first revealed that Tesla will no longer be accepting Bitcoin as payment, before suggesting that the company had sold its bitcoin holding.
Although he denied the company selling its bitcoin later, it didn’t stop the flagship coin from crashing to $42000.
Follow Naija.fm on our social media handles Facebook, Instagram, and Twitter to keep up with trending news, breaking news, entertainment news.
