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Elon Musk is no longer the richest person in the world after Tesla shares plunged 8.6% on Monday, wiping $ 15.2 billion from his net worth.
Tesla’s decline was partly explained by Musk’s comments over the weekend that the prices of Bitcoin and its little rival Ethereum “appear to be high,” according to Bloomberg, and seen by Al Arabiya.net.
His post, via his favorite Twitter, came two weeks after Tesla announced it had added $ 1.5 billion worth of Bitcoin to its balance sheet.
Earlier Monday, Musk tweeted that Tesla’s Y Standard Range SUV would remain “off the list.”
Musk fell to second on the Bloomberg Billionaires Index of the World’s 500 Richest People with a net worth of $ 183.4 billion, as Amazon founder Jeff Bezos regained the top spot as even that his wealth declined from $ 3.7 billion to $ 186.3 billion yesterday.
The two billionaires have traded places this year, as Tesla’s value fluctuated and Musk briefly outperformed Bezos after his rocket company, SpaceX, raised $ 850 million earlier this month, valuing the company. to $ 74 billion, a 60% increase from August.
Bezos held the top spot for three consecutive years before January, when Musk overtook the e-commerce giant with a 794% rise in Tesla shares.
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