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The turmoil of the cryptocurrency market, “Bitcoin” over the past two days, has rearranged the “Bloomberg” list of the world’s richest people, with Elon Musk falling from first to second
Source: Erm News
And a Bloomberg report on Tuesday indicated that Tesla’s recent drop was the largest since September, driven by Musk’s comments on Twitter over the weekend when he said that Bitcoin and its smaller competitor Ether “seemed to be really high.”
Musk’s Twitter message came two weeks after Tesla announced that it had added 1.5 billion less than $ 50,000, amid doubts about the durability of its rally.
But Musk slipped to second place in the Bloomberg Billionaires Index of the 500 Richest People in the World with a net worth of $ 183.4 billion, down from a peak of $ 210 billion in January. Thus, Jeff Bezos, founder of “Amazon”, regained first place, even as his fortune decreased by 3.7 billion dollars, to become his fortune 186.3 billion dollars on Monday.
The sell-off in the market on Monday affected many of the world’s rich. Zong Shanshan was the richest person in Asia, the second largest loser on the Bloomberg Index, as it fell by 5.1 billion dollars, and Colin Huang and Kumukesh Ambani lost more than 2.5 billion dollars each.
Billionaires Bezos and Musk have been swapping places since January as Tesla’s value swings. The stock rose by as much as 25% at the start of 2021 before erasing almost all of this year’s gains.
Musk briefly outdid Bezos after his company, SpaceX, raised $ 850 million earlier this month. What valued the company at $ 74 billion, up 60% from last August.
Bezos was in first place in the ranking for three years in a row before January, when Musk outperformed the e-commerce giant thanks to a 794% rise in Tesla shares.