Elon Musk Loses $27 Billion, Down To Second on World Rich-list
-Tesla CEO, Elon Musk has lost $27 Billion in the last 5 days as Tesla Shares collapse
-The loss takes the Billionaire below Amazon founder, Jeff Bezos with whom he has switched places frequently
-Musk’s $156.9 billion makes him the 2nd richest person in the world
The word was shaken by the pace with which Elon Musk went up the World’s rich-list last year.
The Tesla CEO will have to find a way to manage this steep and avoid dropping down the list.
Musk lost $27 billion between Monday and Friday when Tesla shares tumbled.
The billionaire has seen his net worth drop to $156.9 billion, $20 billion behind Amazon CEO, Jeff Bezos.
Musk had previously topped Bloomberg Billionaires Index last week but the loss has seen him drop to second.
Musk’s fortune rise was driven by Tesla’s shares 743% gains in 2020. His gains continued into the new year and in January he overtook Bezos when his fortune peaked at $210 billion.
The Tesla CEO’s fortune has also recently been influenced by Bitcoin. Last month Tesla disclosed that it had made an investment of $1.5 billion in the flagship cryptocurrency.
Read also: MicroStrategy Invests Additional $10 Million In Bitcoin
Many of the world’s richest have seen their fortunes become volatile. Last month, Zhang Shanshan lost Asia’s richest time after losing $22 billion in a few days.
