The advantage of being the richest man in the world is that you can afford to record insane losses without really worrying. Since the beginning of the year, Elon Musk has indeed lost 69 billion dollars, details the Ulyces site. If a loss of 69 billion dollars seems dizzying, it is not large enough to make him lose his place as the richest man in the world.
The reason for this mishap: a $49 billion drop following the takeover of Twitter combined with the drop in Tesla’s stock, which fell 10.4% in one week. A fall caused by the revelations of Business Insider which claimed last Thursday that a flight attendant employed by SpaceX was paid $ 250,000 by the company in 2018 in exchange for her silence following sexual advances from Elon Musk.
According to information from Business Insiderthe reported victim reportedly sent a complaint to the company’s human resources department in 2018. The complaint was reportedly resolved after a session with a mediator which Elon Musk personally attended, the news site continues.
Elon Musk remains the richest man in the world
This is not the first time that Elon Musk has faced a significant drop in Tesla stock on the stock market. In May 2020, already, a message in which he explained that the giant’s price was too high caused him to plunge by 10.3% on Wall Street, recalls Ouest-France. In 2019, he was fined $20 million by the securities and exchange commission (SEC) for having considered, in a tweet, to withdraw Tesla from the stock market.
Despite his setbacks, Elon Musk still sits at the top of the world’s greatest fortunes, far ahead of his great rival Jeff Bezos, founder of Amazon. The fortune of the CEO of Tesla today amounts to 204 billion dollars against 131 billion dollars for the boss of Amazon, according to the index of billionaires of Bloomberg.