Bloomberg reported that the famous American billionaire, Elon Musk, fell in the list of the richest rich to the third place, and his wealth declined due to the decline in its value.
And Bloomberg News, which puts the ranks of the richest, indicated that Musk’s fortune had fallen to 160.6 billion dollars by Monday evening, and Bernard Arnault, CEO of the French “LVMH” group of companies, advanced to the second place, surpassing Musk with an estimated wealth of 161 billion dollars. As for the wealthiest, Jeff Bezos, the president of Amazon, confidently ranked first with a fortune of $ 190 billion.
The agency confirms that Musk’s fortune is declining amid a decline in shares in his “Tesla” electric car manufacturer. The company’s capital has declined, according to Bloomberg estimates, in the past two months by nearly 20% due to a shortage of semiconductor stocks, as well as due to intense competition from fuel car manufacturers.
Musk first climbed to No. 1 in Bloomberg’s ranking of the richest people in January of this year, with Tesla shares rising more than 750% over the year.
The businessman’s fortune was later estimated at $ 184 billion, and then grew to $ 190 billion, and by the end of February, he had fallen to second place in this classification, and lost to Bezos.