Elon Musk: The world’s richest man Elon Musk’s net worth declined by $12 billion


Elon Musk Property: Tech billionaire Elon Musk recently plunged more than $12 billion after the recent fall of Tesla stock and S&P Global Ratings’ decision to boot Tesla from its ESG index. According to Teslarati’s report, the decline in Musk’s net worth also comes amid his announcement that he will no longer vote for the Democratic Party nominee in the next elections.

Elon Musk is still the richest person in the world
Despite having lost over $12 billion in his net worth, Musk still stands as the world’s richest person with $210 billion. The report said that this still puts him far ahead of the second richest person in the world, Amazon founder Jeff Bezos, whose current net worth is estimated at $131 billion.

Tesla shares fell 6.8 percent on Wednesday, and according to Wedbush analyst Dan Ives, the primary driver for this change was the company’s departure from the S&P 500 ESG index. “The issue of ESG (Environmental, Social and Corporate Governance) coupled with the sluggishness of the market is weighing on the joint stock,” Ives said.

What Elon Musk said in his tweet
Tesla CEO Elon Musk said he would now vote Republican. The tech billionaire shared a cryptic tweet today and said that attacks against him should be ‘viewed through a political prism’. The tweet comes after the Tesla CEO wrote on stage that he would now vote Republican as conservatives return to the micro-blogging platform.

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