Elon Musk is no longer the richest person in the world

One tweet cost him $15.2 billion from his net worth

8w ago
12.3K

Elon Musk recently overtook Jeff Bezos to become the richest person in the world. After that, Elon invested a whopping $1.5 million in the Bitcoin and hinting that you could buy a Tesla in the future with the cryptocurrency. Now, a tweet about bitcoin has cost him $15.2 billion.

After his tweet, Tesla shares fell and Elon Musk fell into 2nd place on the Bloomberg's ranking of the richest persons in the world.

When well-known Economist and market strategist Peter Schiff tweeted about Musk's net worth falling, the Tesla CEO responded with an eggplant emoji.

Typical Elon!

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Comments (19)

    • 1 month ago
  • Good news! Not a huge loss since Tesla made $428 million from sales of carbon credits in 2020, its just money vaporizing into the ether. ¯\_(ツ)_/¯

      1 month ago
  • I don't think Musk cares about being the "richest man on Earth". Bitcoin is volatile, always has been since day one, and I believe it is only going to become more stable further down the line, when more people and institutions use it and when regulators finally realize/accept that what they can or can't do with and about bitcoin is dictated entirely by technology, not intentions. Ballpark I'd say 5-10 years from now

      1 month ago
    • Yeah, Musk doesn't care about all this. He just wants to work on his vision and trigger controversies on Twitter. Also, the net worth of these people is subject to fluctuations due to shares and all. So it will be a tennis game of top spot...

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        1 month ago
    • in fact I think he enjoys watching people get their knickers in a knot when it comes to this stuff. I remember this one radio interview with Musk where the host took calls and this one caller asked about Tesla stock. Musk said "if you don't trust...

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        1 month ago
    • 1 month ago
  • It’s paper value not actual cash in the bank and his net worth goes up and down with the share price. To be expected and especially with an overvalued share price. “What goes up must come down”!

      1 month ago
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