Sunday, October 1, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News bezos

Elon Musk Likely To Lose No. 1 Richest Spot; Risk Not From Adani, Bezos

news by news
December 7, 2022
in bezos, Elon Musk, News, twitter
0
Elon Musk Likely To Lose No. 1 Richest Spot; Risk Not From Adani, Bezos
0
SHARES
814
VIEWS
Share on FacebookShare on Twitter

READ ALSO

FTX Exploiter Moved A total of Over 10,000 ETH In Last 24 Hours

Just In: DOJ to Summon FTX Clients, Investors, and Employees in SBF Case

elon musk

Elon Musk Richest: Tesla CEO Elon Musk is potentially on the verge of losing the tag of being the world’s richest person after facing new competition. Musk retained the top spot for well over an year after becoming the richest in September 2021. Since then, he faced tough competition from Jeff Bezos and Indian businessman Gautam Adani. Meanwhile, the share price of Tesla is on a declining trend, which is playing a big factor in Musk’s wealth.

Also Read: Coinbase CEO Expects Revenue To Fall By Over 50% In 2022

Tesla Share Price Drop

The sudden turn of events on top of the Forbes rich list can be largely attributed to the steady drop if Tesla share price. Over the last five days, Tesla stock fell by nearly 11.92. The decline continues as it dropped 3.71% during the day. This translates to a drop in Musk’s decline by $3.90 billion on Wednesday alone. With ownership of around 25% of Tesla in stock and options, Musk pledged more than 50% of his stock as collateral for loans.

Meanwhile, Bernard Arnault, the chairman and CEO of fashion business LVMH, added huge fortunes in recent times with rise in his company’s share price. Over the last 30 days, LVMH stock rose by as much as 8.41%. This brought Arnault to the second spot in the rich list. In fact, the fashion business magnate had for a short period overtook Elon Musk at the top spot on Wednesday.

Also Read: Crypto Portfolio Of Top Investors Including Richard Heart Revealed

As things stand, Bernard Arnault is only a few hundred million away from regaining the top place in Forbes rich list. While Musk has a total net worth of $185.30 billion, Arnault is not too far away at $184.70 billion. Whereas infrastructure and commodities giant Gautam Adani has a current net worth of $134.80 billion.

Also Read: Crypto Market Fumbles As Vladimir Putin Says “Risk Of Nuclear War Rising”

The post Elon Musk Likely To Lose No. 1 Richest Spot; Risk Not From Adani, Bezos appeared first on CoinGape.

Related Posts

24/7 Cryptocurrency News

FTX Exploiter Moved A total of Over 10,000 ETH In Last 24 Hours

October 1, 2023
24/7 Cryptocurrency News

Just In: DOJ to Summon FTX Clients, Investors, and Employees in SBF Case

September 30, 2023
24/7 Cryptocurrency News

Breaking: Brazil Launches Blockchain-Powered National Digital ID

September 30, 2023
24/7 Cryptocurrency News

Just In: DALL-E 3 Ignites Artistry Rebirth via Bing Creator AI

September 30, 2023
24/7 Cryptocurrency News

US Treasury Secretary Sounds Alarm on Possible Recession in Case of Government Shutdown

September 30, 2023
24/7 Cryptocurrency News

Breaking: Vitalik Buterin Charts Path to Decentralized Ethereum Staking

September 30, 2023
Next Post
Crypto News Live Update Dec 8: Crypto Market Struggles As Bitcoin Price Drops Below $17K

Crypto News Live Update Dec 8: Crypto Market Struggles As Bitcoin Price Drops Below $17K

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Shiba Inu Price Decouples; 5 Trillion SHIB Moved; What’s Happening?

Shiba Inu Price Decouples; 5 Trillion SHIB Moved; What’s Happening?

February 3, 2023
Crypto News: US Congress To Act Soon As Banks Isolate Binance?

Crypto News: US Congress To Act Soon As Banks Isolate Binance?

February 17, 2023

Shiba Inu Price Prediction As Shibarium Transactions Cross 3M Mark, Time To Buy SHIB?

September 27, 2023
Just-In: Do Kwon Pleads Not Guilty To Allegations of Using Fake Passport

Just-In: Do Kwon Pleads Not Guilty To Allegations of Using Fake Passport

May 11, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In