Elon Musk falls to second place on the Bloomberg Billionaires Index of the 500 richest people in the world

Elon Musk is named after Tesla Inc No longer the richest person in the world stocks slipped 86% on Monday, wiping $ 15 billion from his net worth

Tesla’s biggest drop since September was fueled in part by Musk’s comments over the weekend that prices for Bitcoin and smaller rival Ether “appear to be high.” His message – via his preferred medium, Twitter – came two weeks after Tesla announced To add $ 1.5 billion in Bitcoin to its balance sheet, the cryptocurrency, which rose more than 400% over the past year, fell for a second day on Tuesday and fell below 50 on skepticism about the durability of its rally000 USD

Musk tweeted earlier Monday that the company’s Y Standard Range SUV would continue to be available “off the menu,” reports from the electric vehicle news website Electrek confirmed that the model was off its online configurator has been removed

Musk falls to second place on the Bloomberg Billionaires Index of the 500 richest people in the world with a net worth of $ 1834 billion – after peaking at $ 210 billion in January Amazonascom Inc. Founder Jeff Bezos regained the top spot even though his net worth fell $ 37 billion to $ 1863 billion Monday

The two billionaires have been swapping places since January as Tesla’s value fluctuated as its stock surged up to 25% through 2021 before wiping off almost all of this year’s earnings, Musk overtook Bezos briefly after his rocket company SpaceX earlier this year Raised $ 850 million for the month and valued the company at $ 74 billion, up 60% from August
Bezos topped the rankings for three years prior to January when Musk dwarfed the e-commerce titan thanks to a 794% rally in Tesla shares

Monday’s market sell-off hit many of the ultra-rich in the world Zhong Shanshan, Asia’s richest person, was the second largest drop on the Bloomberg Index, falling $ 51 billion as his bottled water company fell 45% by Colin Huang of Pinduoduo Inc, Reliance Industries LtdMukesh Ambani and Tencent Holdings LtdPony Ma lost more than $ 2 billion each

(Except for the headline, this story was not edited by NDTV staff and published from a syndicated feed)

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World news – FI – Elon Musk loses the richest day in the world as a tweet costs him $ 15 billion

Source: https://www.ndtv.com/world-news/elon-musk-loses-15-billion-in-a-day-after-his-own-bitcoin-warning-2376759