Elon Musk, the CEO of Tesla and SpaceX, has been a household name for years. His wealth has been the subject of much discussion, and he was recently crowned the world’s wealthiest person. However, this week, he has been surpassed by France’s Bernard Arnault, chairman and CEO of luxury goods maker LVMH.
Despite his wealth, Elon Musk’s wealth has dropped more this year than the GDP of many countries. According to Forbes and Bloomberg News, Musk’s net worth has dropped by $14.7 billion in 2020, which is more than the GDP of countries such as Iceland, Jamaica, and Cambodia.
The drop in Musk’s wealth is due to a variety of factors, including the stock market crash in March, the pandemic-induced economic downturn, and Tesla’s stock price. Tesla’s stock price has dropped from its all-time high of $900 in February to around $650 today.
Despite the drop in his wealth, Elon Musk is still one of the wealthiest people in the world. He is estimated to be worth around $77 billion, which is still more than the GDP of many countries. He is also one of the most influential people in the world, with his companies, Tesla and SpaceX, revolutionizing the way we think about transportation and space exploration.
In conclusion, Elon Musk is still one of the wealthiest people in the world, but his wealth has dropped more this year than the GDP of many countries. Despite this, he is still an influential figure and his companies are revolutionizing the way we think about transportation and space exploration.