Elon Musk: The wealth of the world's richest person decreased, there was a loss of $ 30 billion in one stroke, know the reason

Pankaj Prasad
Pankaj Prasad 07/01/2022 15:22 IST
Elon Musks, Fortune Shrinks, 30 Billion Dollar, Tesla, SpaceX, worlds richest person

The wealth of Elon Musk, the world's richest man and owner of Tesla and SpaceX company, reached $ 304 billion with a tremendous jump on the first day of the new year.

The wealth of the world's richest man and owner of Tesla and SpaceX company, Elon Musk, reached $ 304 billion with a tremendous jump on the first day of the new year. But the fall in Tesla's shares in the last three days caused them to suffer heavy losses and in one stroke, Musk's wealth was reduced by $ 30 billion.

Wealth left at $271 billion

The beginning of the new year was a great one for Elon Musk. On the first trading day of January, Tesla's shares rose at a rocket pace and soon after taking Musk's wealth again beyond $ 300 billion. However, this figure soon fell. That is, in other words, in a few days in the first week of January, the world's richest person earned and lost about $ 30 billion. Following this recent fall, Texas-based Tesla CEO Elon Musk is now an estimated $271.5 billion owner.

Tesla shares fell the most on Wednesday, Tesla shares rose 13.5 percent on Monday, due to which Musk's wealth increased, but after that its shares kept falling in the period from Tuesday to Thursday. Meanwhile, the biggest fall came on Wednesday, when Elon Musk's wealth decreased by about $ 14 billion in a single day. Tesla stock fell more than 5 percent on Wednesday. However after this decline the company still maintains a market capitalization of $1.08 trillion. Which is 44 percent more than a year ago.

Earned $1.41 billion/hour on the first day of the year


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Significantly, Musk's wealth had increased strongly on the first trading day of the year and it has increased to $ 304 billion in a single day. Musk earned $1.41 billion per hour. Due to this, Musk's net worth increased by $ 33.8 billion or about Rs 2,51,715 crore in one day. Which has now come down to $271.5 billion.


Category: Business

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