First Published Nov 22, 2022, 2:46 PM IST
Elon Musk, the CEO of Twitter, Tesla and SpaceX, will lose $10 billion in 2022 alone, according to Bloomberg News.
This information is reported in the Bloomberg Billionaires Index. Elon Musk’s net worth falls below $10 billion for the first time.
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51-year-old Elon Musk has a net worth of $34 billion as of November last year. However, it has decreased to 17000 crores in November this year. Elon Musk’s net worth has fallen to the lowest level in the past two years.
Elon Musk, who holds a 15 percent stake in Tesla, lost $8.6 billion after Tesla’s share price fell sharply yesterday. Tesla shares have fallen 58 percent in the past year alone.
However, Elon Musk remains the first billionaire worldwide. Bernard Arnold, president of Louis Vuitton is also in second place. Amazon founder Jeb Bijs has a net worth of 5400 crores and Bill Gates has a net worth of 5700 crores.
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Elon Musk’s net worth has fallen by 37 percent or $10.1 billion in 2022 alone. That means there is a daily loss of 2500 crores in Indian value. However, as of November 22, Elon Musk’s net worth is $17,000 crore.
3.21 lakh Tesla cars are being recalled due to tail light issue, and 30,000 cars are being recalled for the Model X due to airbags. Because of this, Tesla’s stock value fell sharply.
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Last Updated Nov 22, 2022, 2:46 PM IST