Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is not the world’s richest particular person, in response to Bloomberg Billionaires Index.
What Occurred: Musk was changed by Amazon.com, Inc (NASDAQ: AMZN) CEO Jeff Bezos because the richest particular person on the record after Tesla shares fell 8.6% on Monday eroding $15.2 billion from his internet wealth, in response to Bloomberg.
A tweet by Musk over the weekend which touched on the excessive valuation of Bitcoin (BTC) and Ethereum (ETH) furthered the entrepreneur’s decline in wealth.
That stated, BTC & ETH do appear excessive lol
— Elon Musk (@elonmusk) February 20, 2021
Musk falls to second place on the Bloomberg Billionaire’s Index with a internet price of $183.4 billion, whereas Bezos has a internet price of $186.3 billion.
Why It Issues: This month, Tesla invested $1.5 billion in Bitcoin and stated it expects to simply accept the cryptocurrency as a way of