• About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
Mufudza Online
  • Home
  • Business
  • Entertainment
  • Finance
  • Inspiration
  • Lifestyle
  • Motoring
  • News
  • Technology
  • Sports
  • Listings
  • Home
  • Business
  • Entertainment
  • Finance
  • Inspiration
  • Lifestyle
  • Motoring
  • News
  • Technology
  • Sports
  • Listings
Mufudza Online
No Result
View All Result
Home Business

Elon Musk loses R187 billion in a single day as Tesla stock plummets

by Mufudza Online
May 28, 2022
in Business
Reading Time: 1 min read
elon musk 300 billion net worth
0
SHARES
5
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Elon Musk has slipped out of the $200 billion club for the second time. The world’s richest man, saw his wealth fall 5.4 percent to $192.7 billion on Tuesday as Tesla Inc. shares fell over 7%. The electric carmaker’s losses surpassed the broader S&P 500 Index, which fell 0.8 percent on the day.

Despite the fact that Musk’s fortune has plummeted since August 26, the Tesla co-founder remains the wealthiest among the handful of persons worth at least $100 billion, according to the Bloomberg Billionaires Index.

Jeff Bezos, CEO of Amazon.com Inc., is in second place with $127.8 billion. Musk, 50, last fell below the $200 billion mark in March. But, according to the wealth index, markets quickly rallied, boosting his net worth to $288 billion on April 4.

On the same day, Musk announced that he had purchased around 9% of the social media network Twitter Inc. Days after, he launched a takeover bid, which was ultimately approved by the board, but questions about the deal have increased amid a tech stock sell-off that has knocked both businesses’ shares lower.

RelatedPosts

strive masiyiwa forbes

Strive Masiyiwa has surpassed Patrice Motsepe as the wealthiest Black man in Southern Africa

Google is putting millions into startups and non-profits in South Africa

Google is putting millions into startups and non-profits in South Africa

richest black south africans

Patrice Motsepe’s Cape Town Mansion, Luxury Vehicles and Jet worth Millions

africa wealthiest people 2022

15 wealthiest Africans, who in 2022 have a combined net worth of more than $76 billion

Musk announced earlier this month that the transaction would be put on hold unless Twitter provided public verification of the number of accounts controlled by bots on the network. The deal, according to Twitter, is proceeding as anticipated.

Related Posts

strive masiyiwa forbes
Business

Strive Masiyiwa has surpassed Patrice Motsepe as the wealthiest Black man in Southern Africa

Google is putting millions into startups and non-profits in South Africa
Business

Google is putting millions into startups and non-profits in South Africa

richest black south africans
Business

Patrice Motsepe’s Cape Town Mansion, Luxury Vehicles and Jet worth Millions

africa wealthiest people 2022
Business

15 wealthiest Africans, who in 2022 have a combined net worth of more than $76 billion

grant cardone
Business

Grant Cardone opens a start-up hub in South Africa

elon musk 300 billion net worth
Business

Elon Musk’s Fortune Surpasses $300 Billion

No Result
View All Result
  • Trending
  • Comments
  • Latest
capitec ewallet

Capitec eWallet

nedbank send imali

Nedbank Send-iMali

pep loans

PEP Loans

telkom data balance check

How to do a Telkom Sim Swap or Replacement

justin bieber

UK patient in the same condition as Justin Bieber is touched by the singer’s video

0
linda ikeji

Linda Ikeji Nigeria’s Top Blogger

0
livestock wealth

Livestock Wealth is Africa’s Next Big Investment Opportunity

0
build stronger credit history

How to Build a Strong Credit History

0
justin bieber

UK patient in the same condition as Justin Bieber is touched by the singer’s video

davido

Davido Inspires Fans by Sharing a Photo of His Perfume Collection

r31 million lotto winner

A lucky unemployed Mzansi Woman Wins R31 Million Lotto, a Life-Changing Blessing

bonang matheba

Queen B, Bonang Matheba, living her best life










Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 455 other subscribers

  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Finance
  • Inspiration
  • Lifestyle
  • Motoring
  • News
  • Technology
  • Sports
  • Listings

© 2021 | Mufudza Online

This website uses cookies and asks your personal data to enhance your browsing experience.
Ok, I agree Privacy Policy