American businessman Elon Musk, CEO of Tesla, the electric car maker, recorded unprecedented wealth in the past year, but that did not continue.
Kiev. Ukraine. Ukraine Gate – March 06, 2021 – Entrepreneurs
Elon Musk has lost $ 27 billion since last Monday, as the carmaker’s shares plummeted in the tech stocks sell-off.
Nevertheless, his net worth of $ 156.9 billion still places him second on the Bloomberg Billionaires Index.
But he’s now about $ 20 billion behind Jeff Bezos, who last week topped the list as the world’s richest person. At the same time, Musk’s stumbling block underscores the hard-to-understand speed of his rise.
Tesla’s shares rose 743% in 2020, boosting his stake and unlocking billions of dollars in options with his historic “moonshot” compensation package.
Bitcoin investing:
Musk’s wealth was not only governed by the forces affecting the technology industry, his net worth rose and decreased along with the price of the cryptocurrency Bitcoin.
Tesla revealed last month that it added $ 1.5 billion of cryptocurrency to its balance sheet. Musk’s fortune received $ 15 billion two weeks later after he wrote on Twitter that the prices of Bitcoin and other cryptocurrencies “seem to be really high.
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Source: Ukrgate
