Elon Musk's Fortune Dips Below $200 Billion As Tesla Shares Drop
NDTV
Elon Musk's net worth has now dropped by over $74 billion.
Tesla CEO Elon Musk saw his net worth fall below the $200 billion mark. Forbes was the first to report that the shares of Tesla hit a 52-week low in early morning trading, and Musk's assets dropped to roughly $195.6 billion.
However, Musk remains the world's richest person. According to some financial experts, his recent acquisition of Twitter has impacted Tesla's stock to suffer. Musk's net worth has now dropped by over $74 billion.
Analyst Garrett Nelson, CFRA Research told Forbes, "There are growing concerns that Twitter is turning into more of a distraction for Musk than most anticipated prior to the deal closing."
In July, his fortune plunged by almost $62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg's net worth was slashed by more than half.
