Elon Musk: World's Richest Man Loses R197 Billion in a Day Amid Twitter Takeover Row
- Tesla company owned by the world's richest person Elon Musk recorded a slump of R197bn
- Musk lost billions since he launched his bid for Twitter in April 2022 with investors in Tesla questioning how he will fund the giant social media site
- But he remains the world's richest person even after the massive loses
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The world's richest person, Elon Musk, has lost $12.3 billion (R197 billion) in one day amid the Twitter takeover row.
Source: UGC
Bloomberg reported that Musk lost $49 billion since he launched a bid to acquire Twitter in April 2022.
Political stand
Musk's Tesla Inc. recorded a slump of R197bn in one day as he tweeted about his political switch from Democrat to Republican.
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He said that the Environmental Social Standards (ESG) was a scam and changed his mind to support Democrats
Musk also predicted political attacks on him will “escalate dramatically in coming months.”
Still the world's number one
His sentiments came after Tesla lost its spot on an S&P Global index that tracks companies on their environmental, social and governance standards.
But Musk still maintains his status as the richest person in the world, according to Bloomberg Billionaires Index.
The Space X owner is reported to have lost a whopping $60.4 billion(KSh 7 trillion) in 2022 but still maintains his title.
The 50-year-old remains the world's richest person with a fortune of $209.9 billion.
Source: Briefly News
Maryn Blignaut (Human-Interest HOD) Maryn Blignaut is the Human Interest manager and feature writer. She holds a BA degree in Communication Science, which she obtained from the University of South Africa in 2016. She joined the Briefly - South African News team shortly after graduating and has over six years of experience in the journalism field. Maryn passed the AFP Digital Investigation Techniques course (Google News Initiative), as well as a set of trainings for journalists by Google News Initiative. You can reach her at: maryn.blignaut@briefly.co.za
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.
