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Elon Musk no longer the World's Richest Person; Loses $15.2 billion

Elon Musk had bought Bitcoin, after which it touched a record high. But now Bitcoin has slipped from that height and Elon Musk has also suffered heavy losses.

Yogita S.

Yogita S.By Yogita S.

Published on 23 Feb 2021 7:23 AM GMT

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New Delhi: American carmaker Tesla and SpaceX owner Elon Musk have been stripped of the world's richest person. Elon Musk is no longer the richest person in the world after a sharp drop of 8.6% in Tesla shares on Monday. Elon Musk's assets (Net Worth) decreased by $ 15.2 billion. In fact, Musk's bet in Bitcoin has backfired. That too because of one of his tweets.

Elon Musk loses $15.2 billion:

Recently, news came that Elon Musk had bought Bitcoin, after which it touched a record high. But now Bitcoin has slipped from that height and Elon Musk has also suffered heavy losses.

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At the same time, a video of 2008 of Elon Musk went viral. "Whenever somebody buys a Tesla Roadster sports car... every penny that Tesla makes goes into the development of a smaller, lower-cost vehicle," says Mr Musk in the video.

This decline comes after Musk's comment that he said that the prices of Bitcoin and Ether are high. Tesla's shares also fell by 8.5 percent on Monday, causing Musk's assets to fall by more than $ 15 billion. Elon Musk reported on his favorite social media platform Twitter that Tesla had $ 1.5 billion in Bitcoin has invested.

Musk had earlier tweeted on Twitter on Monday that the company's Model Y Standard Range SUV will still be available offline. He replied on the report of Electric Vehicle News website Electrek that this car has been removed from their online platform. Musk ranks second on the Bloomberg Billionaires Index of the world's 500 richest people with assets of $ 183.4 billion. Amazon.com Inc. founder Jeff Bezos once again occupies the first position.

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Yogita S.

Yogita S.

Media Graduate, News Editor and PR Enthusiast.

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