Elon Musk is no longer the richest man in the world, a position he had reached in January 2021 after surpassing Jeff Bezos, founder of Amazon. Tesla shares fell 11.5% last week and Musk, who owns almost 18% of the shares, lost $27 billion, according to the Billionaires Index of Bloomberg.
The CEO of Tesla announced a month ago the buying bitcoins by the company, an operation in which close to 1.3 billion euros. This investment was motivated by the exponential increase in the value of this cryptocurrency in recent months.
However, the stock market is risky, as things go up and down constantly. And that is what happened with bitcoin, which a few weeks ago it went down from $60,000 to $45,000 approximately in less than a day. Something that, consequently, affected the value of Tesla.
Musk is now the second richest person in the world
Actually, the also engineer has a net worth of $157 billion, which places him as the second in the list of billionaires of Bloomberg, at a significant distance from Jeff Bezos, whose net worth amounts to $177 billion . Third, remains the founder of Microsoft, Bill Gates, who has a heritage of $136 billion.
For its part, Tesla shares gained 743% in 2020, which prompted them to ranked number 5 on the list of the most valuable companies in the stock market. However, after losing 15% this year, have fallen to seventh position, behind Facebook and Berkshire Hathaway, but ahead of JPMorgan Chase.