Elon Musk / Photo = Yonhap News
‘Elon Musk, the world’s richest man, saw his net worth drop by $21.7 billion (about 30.566 trillion won in Korean currency) in just one day yesterday (24th, local time).’
‘This year, the largest drop in wealth was seen by Bernard Arnault, chairman of the world’s largest luxury group Louis Vuitton Moet Hennessy (LVMH) from France, with a decrease of around $20 billion (about 27.714 trillion won).’
‘According to Bloomberg, Musk, CEO of Tesla, saw his net worth drop by $21.7 billion in just one day to $240.5 billion in the global top 50 billionaire ranking index.’
‘Musk’s decline in net worth is due to Tesla’s stock price plummeting by 12% on that day.’
‘Tesla recorded its biggest drop in 4 years after announcing disappointing second-quarter results on the same day.’
‘Analysts have mostly lowered their target price for Tesla’s stock.’
‘Musk’s decline in net worth is the fifth largest in the 12-year history of the Bloomberg Billionaires Index, but it is still approximately $37 billion more than Jeff Bezos, the founder of Amazon, who is currently in second place.’