Elon Musk's net worth has fallen by $50 billion so far this week. This is due to the fall of Tesla Inc. shares for the second consecutive day. This is the biggest two-day decline in the history of the Bloomberg Billionaires Index. It's Jeff Bezos's biggest drop in a day after $36 billion following divorce from MacKenzie Scott in 2019.
The last few days have not been good for the auto company and it's a major setback. According to a Bloomberg report, it began when Musk asked his followers on Twitter whether he should sell his 10 per cent stake in the company. After which it was found that his brother Kimbal has sold the shares. Along with this came an Insider report on Tuesday, which said that Musk wants to sell the shares to pay off the personal debt of the investor who became famous from The Big Short film.
Elon Musk's fall in net worth has reduced the gap between Bezos and him to $83 billion. Musk first surpassed the amazon founder slot for the first time in January for the first place in the list of the world's richest people. The wealth gap between the two billionaires had recently increased to $143 billion, more than the net worth of bill gates, the world's fourth-richest man.
This bank given big blow to its customers
