After 4 days during which the American businessman, Elon Musk, ascended to the throne of the richest man in the world with a fortune of more than 188 billion dollars, the shares of his “Tesla” electric car company recorded a sharp decline.
Tesla shares fell by nearly 8%, in the largest decline since September 2020, to lose about $ 14 billion of the net worth of Musk, its CEO.
Musk’s fortune exceeded $ 188.5 billion last Thursday, thanks to a 6% increase in Tesla shares, enabling Musk to surpass Amazon CEO Jeff Bezos, whose fortune is estimated at $ 187 billion.
According to Forbes, the 49-year-old Musk’s net worth has fallen to $ 176.2 billion, about $ 6 billion less than Bezos, the 57-year-old.
As of Tuesday midday, Musk appears poised to reclaim the title of the world’s richest person.
Tesla shares rose more than 5%, while Amazon shares fell just under half a percentage point.
Source: Daily Mail