Jeff Bezos return to become the richest man in the world as Elon Musk has lost $27 billion in wealth in the space of one week

Posted by E.L.E.X on March 08 2021 under Tech/Cybersecurity









Musk, 49, was worth $157 billion after markets closed on Friday, marking a 15 percent plunge in his net worth from the beginning of the week, according to the Bloomberg Billionaires Index.

 

He is now firmly in the No. 2 spot and $20 billion CEO Jeff Bezos, after vying for months with Jeff Bezos for the title of world's richest man 

 

This comes after a reported rapid selloff in the tech sector, with Tesla shares hit harder than most and falling nearly a third from their all-time peak in January.

 

Tech shares soared more than the rest of the market for much of the pandemic. But on Friday, the company's shares dropped as much as 13% before closing down 3.8% at $597.95, the lowest since Dec. 3. The stock lost 11% of its value just this week, extending its losing streak to four weeks, the longest since May 2019.




YOU MAY ALSO LIKE

Related Posts Pictures

Facebook extends remote work through July 2021 with employees to get additional $1,000 bonus for their home office needs

Related Posts Pictures

India bans 47 more Chinese apps weeks after blocking TikTok and 58 others over security fears

Related Posts Pictures

Facebook Finally Launches WhatsApp Pay After Nearly a Year in the Works

Related Posts Pictures

Twitter CEO Will Not Move To Africa Again, Here Is Why

Related Posts Pictures

How to Choose Best Laptop for Programming in 2019?

Comments


Add Comment

All fields are required!








Contact Us Picture

Are you interested in Advert placement | Promoting your Music or Video | Other Enquiries? We are always available to get that done for you without breaking a sweat. Send us a mail @ elextechnologies4@gmail.com | Call us @ 08132021949 | Message us via whatsapp @ 08132021949