Business and Finance

Elon Musk Has Lost US $ 27 billion In Wealth When Tesla’s Shares Plummet

Tesla Inch boss Elon Musk set the record for the fastest streak of accumulated wealth in history in 2020. But things turned around this year. Tesla Inch boss Elon Musk set the record for the fastest streak of accumulated wealth in history in 2020. But things turned around this year as the carmaker’s shares slumped following the stock sell-off. His net worth has fallen to the US $ 156.9 billion. Despite placing him 2nd on the Bloomberg Billionaires Index, his net worth is currently nearly US $ 20 billion behind Jeff Bezos. Tesla’s stock jumped 743% in 2020, increasing its stock capitalization and unlocking billions of dollars in options through a historic compensation package. This increase continues to increase until the new year 2021. Meanwhile, if you still want to trade in the Tesla NAS100 index, you can visit http://www.cnie.org/forex/nas100-brokers.html to hire one of the most trusted Brokers who trade in NASDAQ100.

Musk’s wealth peaked later that month at the US $ 210 billion, based on a ranking index of the 500 richest people in the world. Not only that, the election of President Joe Biden with a policy on clean technology and enthusiasm from retail investors sparked a rise in the company’s shares. However, this did not last long. The NASDAQ100 Index for the third week in a row on Friday 5th of March, as well as the longest losing streak since September. Musk’s wealth doesn’t just depend on the power to hit the tech industry. His net worth has increased and decreased recently along with the price of Bitcoin.

Tesla revealed last month that it had added $ 1.5 billion worth of crypto assets to its balance sheet. Musk’s wealth increased by the US $ 15 billion two weeks later after he tweeted that the prices of Bitcoin and other cryptocurrencies did appear high. Extreme volatility has rocked much of the fortunes of the world’s richest billionaires this year.

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