Elon Musk loses $27billion in just one week and falls behind Jeff Bezos to become the world’s second-richest man

Tesla’s CEO, Elon Musk has lost $27 billion in wealth in the space of one week amid a selloff in the company’s stock.

Elon Musk loses $27billion in just one week and falls behind Jeff Bezos to become the world

Musk, 49, was worth $157 billion after markets closed on Friday, marking a 15 percent plunge in his net worth from the beginning of the week, according to the Bloomberg Billionaires Index.

He is now firmly in the No. 2 spot and $20 billion CEO Jeff Bezos, after vying for months with Jeff Bezos for the title of world’s richest man

This comes after a reported rapid selloff in the tech sector, with Tesla shares hit harder than most and falling nearly a third from their all-time peak in January.

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Tech shares soared more than the rest of the market for much of the pandemic. But on Friday, the company’s shares dropped as much as 13% before closing down 3.8% at $597.95, the lowest since Dec. 3. The stock lost 11% of its value just this week, extending its losing streak to four weeks, the longest since May 2019.

 

 

 

Source:LIB

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Olalekan Jacob

Why??

Olalekan Jacob

It somehow somehow hoo

Olaleye Zainab

tooh it’s okay

Saliu Oluwafisayomi

This is the problem with crypto though
I believe elon musk will a rise again

Joseph

It’s not cryptocurrency its Tesla bitcoin he purchased is worth more naw

Taofeek Olawunmi

That’s a huge loss though

Aworinde Michael damilare

It is well

Adedotun Adedamola

🀐

Busari Nasirudeen

Ridiculous…..

Busari Roqeeb

Whatever

Saliu Oluwafisayomi

Jeff bezos and Elon musk

Fawaz Olalekan

Just have money in this life

Adedotun Adedamola

That’s much

Busari Nasirudeen

Well it is OK.

Busari Roqeeb

Life is up and down

Mina Derefaka

Really

Gift West

Omo see money,

Busari Roqeeb

It’s an adverse loss

Busari Nasirudeen

27 billion dollars πŸ™†β€β™€οΈπŸ™†πŸΎβ€β™‚οΈ

Adedotun Adedamola

It’s not okay at all

Adewole shina

What a waste

Busari Roqeeb

The ratio is varying

smoothperelawealth

Omor

olayiwola Hameed

Am gonna make it

smoothperelawealth

WOW

olayiwola Hameed

Wonderful

Ogunsakin oluwatoyin

Hmmmm

Victory Egilewe

Hmm