Like the sea with its tides, so is the financial situation of the world's richest millionaire, Elon Musk.
Most recently, Musk once again saw himself out of the group of millionaires with a fortune worth US $ 200 billion on Tuesday (May 24).
For the record, the term cluster is used to refer to people who have achieved a wealth value of $ 200 billion, and so far only Elon Musk has ever achieved that much wealth.
Tesla’s chief executive officer (CEO) and founder of SpaceX had to see the value of its wealth drop 5.4% to $ 192.7 billion after shares of the electric car (EV) company plunged 7% recently.
It is understood that Tesla's losses have currently outpaced the losses of the S&P 500 index which last fell 0.8%.
This also indirectly marks the 2nd time Musk has seen his wealth decline in March 2022.
Despite the decline, the value of his fortune returned to $ 280 billion in April on the day he announced the acquisition of a 9% stake in his favorite social media company, Twitter.
It is believed, among other factors to the decline in the value of the wealth was Musk’s bidding to buy Twitter Inc officially.
However, to date there has been no update on the bid as Musk stated that he will not complete the purchase until Twitter fixes the bot spam problem.
Despite the declining value of Musk's wealth, he is still the world's richest man who according to the Bloomberg Billionaires index still tops the top rankings in the $ 100 billion wealth group.
So Musk fans don't have to worry or worry because for sure after this he will re -enter the $ 200 billion group again.
