Elon Musk’s net worth plummets again
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SpaceX and Tesla Inc chief executive Elon Musk’s net worth has dropped below US$200billion again.
Tesla’s share price fell 7% overnight knocking Musk’s net worth to a mere US$192.7bn.
Musk remains the world’s richest person even so and is still far ahead of space exploration rival and Amazon.com Inc founder Jeff Bezos, who is second on the list with a net worth estimated at US$127.8bn.
Tesla was already on the slide after the S&P Global Ratings’ decision to drop it from its ESG index, a decision that wiped US$12bn from the tech billionaire’s net worth.
Musk’s fortune last fell below the US$200bn threshold in March, though a rally in the markets lifted saw it bounce to US$288bn on April 4, according to the wealth index.
On the same day, Musk announced he had acquired 9% of Twitter Inc and announced a takeover bid days later and eventually won board approval, but doubts have grown amid a tech stock rout that hit both companies’ share prices.
Musk said earlier this month the deal would be on hold until Twitter Inc published proof of the number of accounts controlled by bots, whereas Twitter says the purchase is proceeding normally.
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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