Elon Musk And The Other Billionaires Whose Fortunes Fell This Week As Tech Stocks Continue To Struggle

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The founders of Tesla, Oracle and Airbnb lost billions of dollars this week amid surging market volatility and continued pressure on tech stocks.

, falling over 10%. Even though Tesla posted record profits after reporting quarterly earnings on Wednesday, investors focused on the company’s warning that supply chain issues may hurt growth in 2022.

Other notable billionaires whose net worths fell this week include Airbnb CEO Brian Chesky and Roblox cofounder David Baszucki. Chesky, who cofounded the home rental company in 2008, dropped $1.1 billion to $11.3 billion, , as shares of Airbnb fell 9% this week. Meanwhile, shares of gaming company Roblox fell nearly 16% since last Friday, shaving roughly $700 million off of Baszucki’s net worth, which now stands at $3.

 

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VeryAsianEric Elon's fortunes could fall all the way down to a lousy billion, and he would still be able to spend $20 million a year for the next 50 years without running out of cash. I won't be crying for Elon or any of the other billionaires.

Guess Musk is glad he sold so many shares when he did last year despite the tax implications...

South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% this year tho

1 years ago world 195 country my enemy country separate (+friend & only supporters voters country) success I always work sucess style.

The pips of a true investor sometimes would tick downward slope. Afterwards, the upward pips is inevitable!

Don't worry. They (certain public), will state it's Neil Young and Jonis sudden removal of their music from all Tesla vehicles, in protest of INFORMED discourse, as the reason for the sudden fall...🤭🤣😅

BabyDogeCoin

Is Forbes throwing a party to celebrate Elons loss 🤷‍♂️

Q: why was the Edison estate settled in FT Myers, FL ?…while Tesla had a polar realization? A: outer space is better law- suited for electricities

I think someone hacked Forbes magazine’s Twitter account … For the last two years …

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still has more money than he'll ever need

Crisis Capability How to deal with risk?

A drop in the bucket for them

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 /  🏆 394. in TH

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