Elon Musk No Longer Wealthiest in the World After Losing $15b in a Day
- It was a bad day for Elon Musk on Monday, February, 22, as he lost $15.2 billion (N5,795,000,000,000) from his net worth
- Tesla shares slid 8.6% and made it possible for Amazon CEO Jeff Bezos to overtake Musk as world's richest person
- The net worth of the Tesla boss now stands at $183.4 billion (N69,921,250,000,000)
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The chief executive officer of Tesla, Elon Musk, has been overtaken by Amazon boss as the world's richest person.
According to Bloomberg, Tesla shares slid 8.6% on Monday, February 22, wiping $15.2 billion (N5,795,000,000,000) from Musk's net worth.
One of the reasons for the decline was Musk's comments over the weekend that the prices of Bitcoin and Ether "do seem high".
His message came two weeks after Tesla announced it bought $1.5 billion (N571,875,000,000) dollars worth of Bitcoin.
Source: UGC
Musk is now worth $183.4 billion while Bezos' net worth stands at $186.3 billion.
In a previous report by Legit.ng, Nigerian rapper Erigga was all over the moon as Musk reacted to his tweet.
On Friday, January 8, Erigga tweeted while interacting with his fans, asking them to choose between having dinner with Elon Musk or be given two Bitcoins.
The post generated a lot of reactions from his fans and followers.
The least person Erigga was expecting was Musk but he responded to the tweet. The business magnate reacted with a crying emoji.
In other news, Briefly.co.za also reported that South African-born billionaire Elon Musk just recently surpassed Amazon's Jeff Bezos to be named the world's richest person. Now, people are looking at Musk's background and how he supposedly went from rags to riches.
A Twitter account that goes by @PPathole shared an image of Musk in 1995 fixing his car on his own. Musk responded to the tweet by saying he paid $20 (R310) for the replacement part needed from a junkyard.
While many tweeps found this story to be quite inspiring, others brought up the fact that Musk's father, Errol, once owned an emerald mine in Zambia so he couldn't have grown up all that poor.
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Source: Briefly News
Kelly Lippke (Senior Editor) Kelly Lippke is a copy editor/proofreader who started her career at the Northern-Natal Courier with a BA in Communication Science/Psychology (Unisa, 2007). Kelly has worked for several Caxton publications, including the Highway Mail and Northglen News. Kelly’s unique editing perspective stems from an additional major in Linguistics. Kelly joined Briefly News in 2018 and she has 14 years of experience. Kelly has also passed a set of trainings by Google News Initiative. You can reach her at kelly.lippke@briefly.co.za.
Marilynn Manuel I am an experienced journalist with a keen interest in helping people tell their stories and writing content that inspires readers. When I’m not in front of my laptop producing viral articles for my publication, I find myself submerged in a fitness routine or trying new wellness smoothies. When I need some down time, I find that devouring a good book is equally as satisfying as reaching my health goals. Above all, I am a mom to a cute baby boy.
