Reuters HANNIBAL HANSCHKE
American billionaire Elon Musk has lost $ 27 billion since last Monday, after shares of his company, Tesla, fell in the sale of shares of technology companies.
In 2020, Musk’s fortune has more than quadrupled, and he even became the richest person in the world in January of this year.
The meltdown began on February 16, when shares of Tesla fell 2.4 per cent, wiping $ 4.6 billion from CEO Musk’s fortune and pushing him down from first place in the Bloomberg Billionaires Index ranking.
Amazon CEO Jeff Bezos, who held the title for more than three years until January 2020, regained his first place with a net worth of $ 191.2 billion.
Musk’s landing ended his nearly six-week period as the world’s richest man.
After the big falls in his company’s shares to nearly $ 6.2 billion as of last Wednesday, Musk fell further to third place in the Forbes ranking of billionaires, as he is now about $ 20 billion behind Bezos.
Source: “CNBC”
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