Home » Business » Elon Musk lost $ 27 billion in just one week

Elon Musk lost $ 27 billion in just one week

Tesla and Space X CEO Elon Musk lost nearly $ 30 billion in personal fortunes in just one week, CNN reported.

The reason for this is the drop in the share price of Tesla by 11.5%. This has severely reduced Musk’s wealth, which holds nearly 18% of all electric car shares.

According to the Bloomberg Billionaires Index, this led to a loss of $ 27 billion for the South African entrepreneur last week. Bloomberg commented that this is as much as the entire fortune of inventor James Dyson, who is the 52nd richest man on the planet.

Since the beginning of the year, Musk and Amazon founder Jeff Bezos have constantly exchanged first place as the richest man on the planet. However, that loss has now put Musk in second place with a personal fortune of $ 157 billion. In comparison, Bezos’ net worth is $ 177 billion.

Musk has $ 21 billion more than Microsoft founder Bill Gates, who remains in third place.




The South African businessman’s big jump came in 2020, when Tesla shares rose a staggering 743%. However, he himself claims that he is not interested in such things, as long as he has the money to finance the projects he is involved in.

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