Elon Musk’s Fortune Drops $50 Billion in Two Days


Elon Musk’s fortune took a $50 billion hit in barely two days this week, though he remains the richest man in the world. 

Bloomberg | Getty Pictures

Tesla shares plummeted for a 2d consecutive day on Tuesday, according to Bloomberg, which ended in the broad loss.

Bloomberg great it is some distance the top two-day decline in the ancient previous of its BIllionaires Index. It’s the top one-day plummet after Jeff Bezos’s $36 billion plunge, which took build after he divorced MacKenzie Scott in 2019. 

Linked: Elon Musk Sinks Tesla Shares With Contentious Twitter Poll

Significantly, the loss narrows Musk’s lead over Bezos, the founding father of Amazon. He now leads by $83 billion. Musk passed Bezos for the title in January. 

The hit to Tesla’s stock got here after Musk polled his hundreds and hundreds of Twitter followers over the weekend on whether he must promote a number of of his stock. Over 3.5 million americans voted and the bulk talked about “yes.” Musk beforehand vowed to “abide” by regardless of respondents selected.

Earlier this week, files broke that Musk’s brother, Kimbal Musk, offered a number of of his hold Tesla stock old to the founder and CEO launched his Twitter ballot. 

Bloomberg attributes the plummet to both of these events. 

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