After issuing warning about Bitcoin surge, Musk loses $15.2 billion in a day
On Monday, the shares of Tesla Inc. slid 8.6% , that wiped out $15.2 billion from the net worth of Elon Musk that makes him no longer the world`s richest person.
This decline in Tesla is the biggest decline since September and it came after Elon Musk commented over the weekend that the prices of Bitcoin and Ether seem high.
Two weeks after Tesla announced that it added $1.5 billion in Bitcoin to its balance sheet, Elon shared the message on Twitter.
The company`s Model Y Standard Range SUV would be off the list as the model hs been removed from the online configuration, according to reports by electric vehicle news site Electrek, Musk also tweeted earlier Monday.
From a $210 billion in January, the net worth of Elon Musk went down to $183.4 billion and he is now on the second position on the Bloomberg Billionaires Index of the world’s 500 richest people.
On Monday, after his luck fell by $3.7 billion to $186.3 billion, Amazon.com Inc. founder Jeff Bezos reclaimed the top spot.
Since January, as the value of Tesla fluctuated, both the billionaires have been swapping places.
Before wiping off almost all of this year`s gain, the stock surged 25% to start 2021. From August, a 60% jump has been made after Musk took Bezos after Space X raised $850 million earlier this month.
Before January, Bezos occupied the top spot on the ranking for three straight years, when Musk eclipsed the e-commerce titan.
On Monday, the market selloff hit many of the world’s ultra-rich. Zhong Shanshan, Asia’s wealthiest person who was the second-biggest decliner on the Bloomberg index and dropping by $5.1 billion as his bottled-water company fell 4.5%.
Colin Huang of Pinduoduo Inc., Reliance Industries Ltd.’s Mukesh Ambani and Tencent Holdings Ltd.’s Pony Ma all lost more than $2.5 billion each.