Elon Musk Was Overtaken As Richest Person In The World–Briefly

On September 27, 2021, Elon Musk overtook Amazon’s Jeff Bezos as the world’s richest person for the first time. “I’m sending a giant statue of the digit ‘2’ to Jeffrey B., along with a silver medal,” the Tesla chief emailedFourteen months later Musk lost that lofty title and slipped to number 2 in the world, as of 10:50 AM EST Wednesday. But it isn’t Bezos that took the crown.

But was his reign at the top very short lived? Around 12:30 pm EST, Musk regained the number one spot. The two men’s fortunes are nearly the same – separated by just $200 million – so it won’t be surprising if they continue to flip flop in Forbes’ rankings of the world’s wealthiest. It’s been a year of mixed results for the company to which Musk owes most of his fortune. But the stock has performed horribly. Tesla shares are down nearly 50% for the year. That’s nearly 20 percentage points worse than the tech-heavy Nasdaq as a whole. Musk, who owns nearly 25% of Tesla between stock and options, is now worth 43% less than his peak in November 2021.

From mid-April to early November, Musk sold Tesla shares worth $19.3 billion , presumably to finance the acquisition, applying downward pressure to the electric vehicle maker’s stock. Plus, Tesla investors’ fears that Twitter would be a distraction for Musk have also proven to be well founded. With tech stocks sinking, Musk spent nearly half a year trying to find a way out of the Twitter acquisition, but was finally forced to close the deal in late October.

Was he ever the richest? I guess no but I would like to take those what he did. He lives his life freely, we all should do the same

elonmusk can you buy Forbes and clean them up!

You guys should be ashamed. How do you even use these metrics to determine their net worth. You don’t know what they got in the bank. Debt , income , cash flow etc. do you know how many realtors featured in your junk magazines

Forgot to mention he lost his crown to the second richest man in the world $$ thanks to us taxpayers

You’re a scam - you post data via photo shopped paperwork..

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