Elon Musk News / Elon Musk lost 20 billion dollars in one stroke

Elon Musk Networth: After PM Modi's visit, the world's richest man Elon Musk issued a statement in which he said that he will soon make a cheap Tesla car, which will prove to be perfect for the Indian market. The effect of his statement has been seen on the company's stock yesterday and in one stroke Elon Musk's wealth decreased by $ 20.3 billion on Thursday. This drop of $ 234.4 billion in net worth is the seventh largest ever in the Bloomberg Billionaires Index. Furthermore, it further narrows the wealth gap between Musk and Bernard Arnault, the two richest men in the world.

The world's second rich is two steps behind

However, post-recession Musk's wealth is still about $33 billion more than Arnault's. Arnault is the president of luxury goods company LVMH. Earlier in June, Elon Musk had overtaken Bernard to become the world's richest person after LVMH shares fell 2.6 per cent in Paris trading. Musk and Arnault have been battling it out for the top spot on the Bloomberg Billionaires Index this year.

These billionaires also got Lanka

Meanwhile, Musk wasn't the only American tech billionaire having a bad day. Amazon.com's Jeff Bezos, Oracle Corporation's Larry Ellison, Microsoft Corporation's former CEO Steve Ballmer, Meta Platforms Inc's Mark Zuckerberg and Alphabet Inc co-founders Larry Page and Sergey Brin lost $20.8 billion in net worth as the tech-heavy Nasdaq 100 declined 2.3 per cent. Shares of Austin-based Tesla fell 9.7% to $262.90 in New York, the most after a