Elon Musk Drops As World’s Second Richest Man, Tesla Shares Fall
- ByStartupStory | May 18, 2021
Elon Musk drops as world’s second richest man to LVMH (Louis Vuitton) Chairman Bernard Arnault as Tesla Inc’s shares fell 2.2 percent.
Elon Musk now drops as world’s second richest to the third-richest man in the world, after Amazon’s Jeff Bezos, and Bernard Arnault. Elon Musk’s overall wealth now stands at $160.6 billion, according to the Bloomberg Billionaires Index.
Elon Musk drops as the world’s second richest man, comes after Elon Musk’s tweet saying that Tesla is no longer accepting digital currency as payment, which had Bitcoin tumbling as much as 15 percent last week. Elon Musk had cited environmental issues for this decision.
In March, Elon Musk made $25.1 billion in one day, setting a new record. This was facilitated by the 20 percent hike in Tesla Inc.’s share price. Earlier this year, in January, Elon Musk had surpassed Jeff Bezos. The tech billionaire added $160 billion to his fortune to become the world’s richest person.
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