Tesla CEO Elon Musk lost a record $16.3 billion in a single day, after the company’s shares plummeted by 21%.
In just one day, $100 billion fell from Tesla’s market value, its biggest ever decrease, which comes after what seemed like a triumphant rally of stock.
The 49-year-old is now worth $82.2 billion, no longer a centibillionaire and taking a dive down the rich list to sixth place behind Bernard Arnault and Warren Buffett, who are fourth and fifth respectively.
Tesla’s haemorrhage comes amid a rout of US technology stock, with Bill Gates also losing $2.05 billion, Facebook’s Mark Zuckerberberg losing $4.26 billion and Amazon CEO Jeff Bezos losing $7.94 billion.
However, these three titans remain above the $100 billion threshold, with Zuckerberg valued at $103 billion, Gates at $121 billion and Bezos at an eye-watering $186 billion.
Musk has been rather aloof about net worth in the past. Previously, he said he ‘really couldn’t care less’ about the figures, apparently. ‘These numbers rise and fall, but what really matters is making great products that people love
However, comments like that are usually in reference to much smaller drops and gains – not more than $16 billion. Nevertheless, with Tesla still immensely successful and SpaceX continuing to take off, his bank balance won’t be empty any time soon.
