Reuters: Due to Twitter takeover, Elon Musk’s fortune plummeted by $70 billion

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Elon Musk’s net worth has dropped $70 billion since he announced plans to acquire Twitter in April. calculated Reuters Agency. On this subject writes Meduza.io .

According billionaire rating Forbes, updated in real time, November 8, Musk’s net worth has dropped below the $200 billion mark.

This is attributed to the falling share price of his company, electric vehicle maker Tesla. Investors are dumping Tesla shares over fears that Musk will focus much more on developing Twitter. As a result, Tesla lost almost half of its market value, which is now $622 billion.

Nonetheless, Elon Musk is still the richest man in the world, nearly $40 billion ahead of his closest Forbes pursuer, LVMH owner Bernard Arnault.

Musk completed the deal to buy Twitter on October 27, paying $44 billion for the company.

Source: delfi

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