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FORBES RANKING: Despite $100 billion lose Musk still $60b richer than Bernard Arnault and $71b richer than Amazon’s Jeff Bezos this October

In November last year, Tesla CEO Elon Musk became the first individual in records to attain a $300 billion fortune.

A lot has occurred since then. He’s at the verge of buying Twitter after months of back-and-forth and reportedly plans to put off 75% of its team of workers if the deal goes through.[irp]

He was rumored to have had secret twins with certainly a lady considered one among his employees and was again rumored to be having an affair with Nicole Shanahan, the soon-to-be ex-wife of Google cofounder Sergey Brin. (Musk denied the affair.)

He additionally lost more than $100 billion.

From its peak on November 4, 2021, Musk’s fortune has fallen almost 35%, from $320.3 billion to $209.4 billion as of close of market Thursday–nearly completely due to a pointy drop in the rate of Tesla stock. This month alone, Musk’s fortune is down $28 billion. In quarterly income stated on Wednesday, the electrical carmaker’s sales still fell short of a few analyst expectations. Add in concerns about a likely recession, and traders are spooked.

He’s nevertheless the wealthiest individual in the world, even after his fortune took this type of dramatic drive. He’s $60 billion richer than LVMH chief Bernard Arnault and $71 billion richer than Amazon founder Jeff Bezos. When he exceeded Bezos last year, he joked in an email to Forbes that he desired to send Bezos a large statue with the digit 2.

Written by T.I Ukende

T.I Ukende is a professional writer and ICT consultant. He has written many evergreen articles for Benuecast blog, classicgist, ellabase and many others before birthing the newsway blog.
Newsway delivers well researched and undiluted information on business, employment opportunities, personal finance and government empowerments.

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