Elon Musk Leaves $200-Billion-Club Empty
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Geopolitical tensions affecting global stock markets have also cut into the fortunes of the world’s wealthiest.
The richest man on the planet has lost a large chunk of his wealth after Tesla shares fell 13 percent on Wednesday.
Until yesterday, Tesla CEO Elon Musk was the only person whose wealth exceeded $200 billion, leaving the club-of-the-over-$200-billionaires empty. In the past, Amazon founder Jeff Bezos’ wealth also reached the $200 billion thresholds, the report says.
Musk’s wealth reached a record $340.4 billion in November last year, after which he sold over $16 billion worth of stock and donated $5.7 billion to charity.
Questions & Answers
Q.What caused the recent drop in the world's wealthiest individuals' fortunes?
What caused the recent drop in the world's wealthiest individuals' fortunes?
Geopolitical tensions affecting global stock markets have contributed to the decrease in the fortunes of the world's wealthiest. This impact was seen as Tesla shares fell by 13 percent recently.
Q.Who was the last person to be a member of the 'over $200 billion club'?
Who was the last person to be a member of the 'over $200 billion club'?
Tesla CEO Elon Musk was the last person whose wealth exceeded $200 billion. Following a recent drop in Tesla shares, he is no longer in this exclusive club, leaving it empty.
Q.When did Elon Musk's wealth reach its highest point?
When did Elon Musk's wealth reach its highest point?
Elon Musk's wealth reached its highest point in November of last year. At that time, his fortune was recorded as $340.4 billion, a record figure for him.
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