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South African billionaire Elon Musk loses 27 billion within 4 days

Manamela
By Manamela | self meida writer
Published 1 months ago - 31 views

South African born businessman lost $27 billion since Monday as shares of Tesla, his company fell in the selloff of tech stocks. But his $156.9 billion net worth still put him at No. 2 on the Bloomberg Billionaires Index, behind Jeff Bezos who is at number one.


Elon Musk is the co-founder of PayPal and Tesla Motors as well as the founder of SpaceX. He was born in Pretoria but his mother was a Canadian. After finishing he went to study in Canada. Musk spent time in Canada before finally moving to the U.S. He met Justine Wilson, an aspiring writer, when he was still in Canada. They got married and have five sons together, twins and triplets., But they divorced in 2008.


In January, he toppled Amazon 's Jeff Bezos as the world’s richest person. But his shares have been tumbling since Monday. Tesla's shares fell on Friday again extending a brutal decline in the electric vehicle maker's stock price.


https://www.livemint.com/companies/news/elon-musk-loses-27-billion-in-4-days-his-networth-now-20-billion-behind-bezos-11615001766509.html

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