Elon Musk
Elon Musk loses $50 billion in two days
Elon Musk's net worth plunged $50 billion so far this week after Tesla Inc. shares dived for the second day in a row, media reports said.
Tesla shares declined straight two days in the history of the Bloomberg Billionaires Index, and the biggest one-day fall after Jeff Bezos's $36 billion drop following his split from MacKenzie Scott in 2019, Bloomberg reported.
Tesla's erosion came after Musk asked his Twitter followers last weekend if he should offload 10 percent of his stake in the company, amid news that his brother Kimbal sold shares just before the poll.
After the plunge, Musk's lead over Bezos as the world's richest person to $83 billion. He crossed the Amazon.com Inc. founder becoming the richest person in the world for the first time in January.
Despite the slump, Musk's fortune is still up 70 percent this year.
Musk's net worth jumped as Hertz, an American car rental company, ordered 100,000 vehicles from Tesla.
Tesla became the fifth American company to be worth more than a trillion after Amazon, Apple, Microsoft, and Google parent Alphabet.
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