HomeEconomyMusk lost his title...

Musk lost his title as the richest man in the world

Image: Getty Images

Elon Musk is not the richest after shares of his company Tesla fell 7% on March 4.

American entrepreneur and founder of Tesla and SpaceX Elon Musk lost the title of the richest man in the world to Amazon founder Jeff Bezos. Bloomberg reported this.

Musk is now worth $197.7 billion, while Bezos is worth $200.3 billion. The Amazon founder last held the title of Bloomberg’s richest person in 2021.

The wealth gap between Musk and Bezos, once as high as $142 billion, has narrowed as Amazon shares have more than doubled since the end of 2022 and Tesla shares have fallen about 50% since at their highest in 2021.

On Monday, March 4, Tesla shares fell 7%. This comes after the announcement of a reduction in the supply of electric vehicles in China to the lowest level from December 2022. Since the beginning of this year, Musk has lost $31.3 billion.

The third place in the list of the richest people in the world is occupied by the owner of the French luxury goods manufacturer LVMH (LVMH Moet Hennessy – Louis Vuitton), Bernard Arnault. His fortune is $197 billion.

Let’s recall that the court in the state of Delaware in the United States initially annulled an agreement to pay Musk a fee of $55.8 billion following a claim by one of Tesla’s shareholders.

The US Department of Transportation fined Musk’s company Neuralink for violating regulations on the movement of hazardous materials.

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The occupiers tried to escape from the FPV drones, but the skill of the Azov pilots left them no chance (VIDEO)

Operators of FPV drones of the 12th Azov Brigade of the National Guard of Ukraine destroyed a group of enemy infantrymen near the village of Terny. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . The...

Ukraine may receive six more Patriot systems from NATO partners, Chancellor Scholz.

Ukraine may receive six more Patriot systems from NATO partners. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . German Chancellor Scholz stated this. The other day, Germany already announced that it would immediately transfer...