New Delhi: Elon Musk is no longer the richest person in the world. All it took was one tweet and Tesla’s shares fell 8.6 per cent on Monday taking away more than $15.2 billion from his net worth. Tesla CEO Elon Musk has been tweeting over the weekend on cryptocurrencies with greater frequency and said that the prices of Bitcoin now “do seem high”.Also Read - First in India! Tamil Nadu Couple to Host Harry Potter-Themed Wedding Reception in Metaverse | Watch
With Musk’s fall, Amazon CEO Jeff Bezos climbed back on the top of the rich list with a net worth of $186 billion against Musk’s $183 billion fortune. Also Read - 10 Travel Sites Where You Can Pay Using Cryptocurrencies
Here’s the tweet: Also Read - After Telangana, THESE States Invite Tesla CEO Elon Musk to Set Shop in India. Full Details Here
Notably, this has been Tesla’s biggest decline since September. Musk’s post on his favored medium Twitter, came just two weeks after his company announced it added $1.5 billion in Bitcoin to its balance sheet.
The cryptocurrency, which has surged more than 400% over the past year and reached an all-time high on $57,492 in the past 24 hours, tumbled for two days in a row on Tuesday. At one point, it even slipped below $50,000.
Last week, Jeff Bezos had briefly reclaimed the title of being the world’s richest person after a slight erosion in Elon Musk’ wealth. Bezos had held the title for over three years, until Musk took over him in January this year.