New Delhi: The worst news has come for Elon Musk, the richest person in the world. Just yesterday, Twitter removed its old logo and replaced it with a Dog logo, but now there has been a case that the old Loko i.e. the brown bird has flown away with its wealth. Let it be known that Elon Musk, the CEO of companies like Tesla and SpaceX, has suffered a loss of 7 million dollars. It is learned that everyone was surprised by this sudden decision taken by Musk regarding the Twitter logo. Many people did not like his decision. Perhaps this is the reason why Elon Musk’s net worth has dropped tremendously in the last 24 hours.
Elon Musk’s decision to change Twitter’s logo angered investors in his other company, Tesla, and triggered a massive selloff in its shares. Tesla shares took a sudden beating in yesterday’s trading, a decline that continues today. Tesla shares are down 2.19 percent to $192.58 so far. The decline has taken a toll on Musk’s wealth, reducing his net worth by nearly $9 billion. Elon Musk’s net worth continues to decline due to the continuous fall in stocks. According to information, two days after changing the Twitter logo, Elon Musk’s wealth has decreased by about 10.4 percent.
Elon Musk is the second richest person in the world
Despite this decline, Elon Musk is reportedly the second richest person in the world. Elon Musk’s net worth is $192.8 billion. After Musk, Jeff Bezos is third with a net worth of $127 billion. Bernard Arnault & Family ranks first with $228.1 billion. Apart from this, a big decrease in Elon Musk’s net worth has also been reported in the Bloomberg Real Time Billionaire Index. Here Musk’s wealth has dropped to $176 billion. Here too, Musk’s net worth saw a decline of $1.42 billion.