- Ellen Musk has lost $ 27 billion in the last four days
- Ranked second on the list of world billionaires
- Jeff Bezos is currently the richest man in the world
Ellen Musk topped the Bloomberg Billionaires list, surpassing Amazon founder Jeff Bezos last week. His net worth was $ 150.9 billion. Currently, Jeff Bezos is the richest man in the world. Musk has $ 20 billion ($ 1 trillion) less than Jeff Bezos’ assets.
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Shares of Tesla also fell as technology stocks came under heavy selling pressure. With this, Tesla’s value has fallen by $ 230 billion in the past week. Tesla’s share price is currently at a two-month low. On Friday alone, the stock fell 3.8 percent to $ 597.95. This is the lowest rate since December 3. Shares have fallen 11 percent this week alone.
The increase in U.S. Treasury earnings has deterred investors. This put pressure on global sales and led to better stock fluctuations. Tesla currently has a market capitalization of $ 574 billion on the Nasdaq 100 and S&P 500 indices. At the end of January, it was $ 837 billion.