Elon Musk's wealth tumbles by $15 billion after Tesla shares dropped 9% in one day


by www.businessinsider.com

www.businessinsider.com— The drop was fuelled partly by Musk tweeting over the weekend that bitcoin and Ethereum prices seem high.

Entrepreneur—Tesla Fell 25% and Elon Musk Lost More Than $15 Billion in One Day. Was It Because of Bitcoin?. Elon Musk is no longer the richest man in the world. He fell far behind Jeff Bezos and several specialists claim that it is a consequence of his investment in Bitcoin.

the Guardian—Elon Musk no longer world’s richest person as Tesla shares fall. Electric carmaker’s CEO falls behind Amazon founder Jeff Bezos after tweet saying bitcoin price ‘seems high’ Elon Musk, the maverick boss of Tesla, is no longer the world’s richest person after shares in the electric car company dropped 8.6% on Monday, wiping $15.2bn (£10.8bn) off his fortune. Musk, who last month leapfrogged Amazon founder Jeff Bezos to take the title of the world’s wealthiest person, dropped back into second place with a $183bn estimated fortune behind Bezos’ $186.3bn....

Tech Times—Tesla CEO Elon Musk Not the Richest Man Anymore After Bitcoin Tweet Cost Him $15 Billion Loss. Guess what? Elon Musk is not the richest man anymore after his single tweet about Bitcoin caused his net worth to drop.