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HomeLatest newsElon Musk, the world's richest person, has lost more than $49 billion...

Elon Musk, the world's richest person, has lost more than $49 billion since announcing his plans to buy Twitter.


The capital loss does not generated changes in the list of the richest people in the world, still headed by the director of Tesla.

Elon Musk’s fortune decreased by 49,000 million dollars since it launched its offer on Twitter on April 14. Likewise, his automotive company Tesla reached this Wednesday at the lowest level this year, subtracting from the tycoon’s wealth

12,300 million dollars in a single day , reports Bloomberg.

The losses of the American businessman would be caused in part by the general collapse of the market, as well as for the concerns of some investors about how Musk intends to finance the purchase of the social network, the agency suggests.

Another reason for the sudden decline in his fortune could be linked to the comments

that Musk did through Twitter that day. The tycoon criticized the fact that Tesla has not entered the S&P 500 list of the best companies in terms of environmental, social and corporate governance (ESG) factors. “It’s a scam,” Musk tweeted.

On the other hand, the businessman said on Wednesday that the Democratic Party of the United States is today a “party of division and hate”, adding that his vote will be for the Republicans. After those words, he said that he will now surely see how a “dirty tricks campaign” develops against him.

Despite the losses, Musk was not altered his position in the list of the richest people in the world, and continues topping the ‘ranking’

with a net worth of$209.9 billion, according to the Bloomberg Billionaires Index. Behind Musk is Jeff Bezos, with a fortune of 131,000 million dollars.

Meanwhile, this Tuesday it was reported that Musk plans to sell shares of the aerospace company SpaceX to a select group of buyers to consolidate its $44 billion offer to acquire Twitter.


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