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Tags: elon musk wealth | bloomberg billionaire index | nasdaq | market volatility | jeff bezos

Musk's Wealth Shaved by $60.4 Billion

Musk
Elon Musk speaks at the SATELLITE Conference and Exhibition March 9, 2020, in Washington. (AP)

By    |   Thursday, 19 May 2022 06:42 AM EDT

Elon Musk, the world's richest man, has lost $60.4 billion of his wealth in the mercurial markets of 2022, Bloomberg reports.

On Wednesday alone — as Nasdaq tanked by 4.73% and Tesla Inc. (TSLA) closed 6.80% lower — $12.3 billion was wiped from the CEO's portfolio.

As Musk tweets about becoming a Republican, derides Twitter bots and rails against Tesla being kicked out of the S&P 500 ESG index, Musk has become ever more vocal since bidding $44 billion for Twitter last month. In this time, the 50-year-old has lost $49 billion of his wealth.

Still, Musk has a fortune of $209.9 billion, according to the Bloomberg Billionaires Index.

Two other billionaires have fared worse than Musk this year. Binance's Changpeng Zhao is down $81 billion, and Jeff Bezos' portfolio has seen $62 billion wiped from it.

Musk has predicted that "political attacks" against him will "escalate dramatically in coming months."


 

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StreetTalk
Elon Musk, the world's richest man, has lost $60.4 billion of his wealth in the mercurial markets of 2022, Bloomberg reports. On Wednesday alone, as the Nasdaq tanked by 4.73% and Tesla Inc. sank, $12.3 billion was wiped from the CEO's portfolio. As Musk tweets about...
elon musk wealth, bloomberg billionaire index, nasdaq, market volatility, jeff bezos
152
2022-42-19
Thursday, 19 May 2022 06:42 AM
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