SpaceX founder Elon Musk is no longer the world’s richest man after 15.2 billion dollars was knocked off his overall wealth.
The reason behind this is, in all likelihood, as a result of Bitcoin plummeting for a second consecutive day.
Tesla, Musk’s electric car company, saw its stocks drop by 8.6 percent which equates to 15.2 billion dollars of net value.
On February 8, it was announced that Tesla had purchased 1.5 million dollars worth of Bitcoin.
Bezos takes over
As a result of Elon Musk’s plummet, he is now in second place of Bloomberg richest 500 index with a fortune worth 183.4 billion dollars.
Jeff Bezos of Amazon has regained top spot, who has a wealth of 186.3 billion dollars, although this will certainly not be the last time that the two exchange places
Duesseldorf (Germany), 17/02/2021.- A bitcoin in a slot-in drive reflects in front of a monitor showing credit cards, in Duesseldorf, Germany, 17 February 2021. For the first time, the cryptocurrency Bitcoin has exceeded the mark of 50,000 dollars. Most recently, it became known that Elon Musk, CEO of the US electric car manufacturer Tesla, is said to have invested 1.5 billion dollars in Bitcoin. In recent weeks, he had boosted Bitcoin as well as other Internet currencies with positive news via the short message service Twitter. Credit card provider MasterCard also announced that it would open its payment network to cryptocurrencies. Visa plans to help banks introduce trading with Bitcoin and other cryptocurrencies by launching software with API access. (Abierto, Alemania) EFE/EPA/SASCHA STEINBACH
