- Tram Ho
After briefly becoming the richest person on the planet, Tesla CEO Elon Musk fell to second place after his fortune evaporated nearly $ 14 billion in just one day.
Shares of electric car maker Tesla lost nearly 8% on trading Monday, dropping Musk’s net worth by $ 13.5 billion, to just $ 176.2 billion. After briefly surpassing Amazon CEO Jeff Bezos to become the richest man in the world last Friday, Musk is now back at No. 2 according to Forbes magazine estimates.
Now Musk’s net worth is $ 6 billion less than that of Mr Bezos, who has a net worth of $ 182.1 billion. Shares of Amazon also fell 2% on Monday trading, causing Mr Bezos’s fortune to drop $ 3.6 billion.
In 2020, Musk received several billion-dollar stock options for every milestone Tesla hits in its capitalization. It seems that Musk qualified for another batch of options with 8.44 million shares – worth about $ 6.25 billion at Monday’s closing prices – but Forbes has not yet counted these options for Musk. , because the company board has not publicly confirmed them.
Fueled by the hurricane price surge of Tesla shares, Musk’s fortune has also increased by about $ 150 billion since March 2020. Tesla shares, meanwhile, are up about 720% in 2020 and just another 12% in the first week of 2021. By the end of December 2020, Tesla shares joined the S&P 500 Index, a moves to push the stock price higher even though the company has only produced 500,000 electric cars for the past year – a small amount compared to GM or Toyota.
Even with nearly $ 14 billion of net worth evaporated, Musk is still $ 20 billion richer than the third person, French luxury goods magnate Bernard Arnault (worth $ 154.6 billion).
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Source : Genk