Elon Musk Down Nearly $10 Billion In One Week As Tech Stocks Plunge

  • 📰 Forbes
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Amazon shares also fell late in the week. The upshot: Jeff Bezos is no longer a $200 billion man.

its largest outside shareholder, Scottish investment firm Ballie Gifford, reduced its stake in the company. The stock ended the week down 5.5%.

Even with the decline, Musk is four times wealthier than he was a year ago, with a net worth of $87.9 billion. He is currently the fifth richest person in the world, $5.5 billion ahead of Warren Buffett.with a fortune that exceeded $200 billion. With Amazon shares worth 3% less than a week ago at the market close on Friday, Bezos’ fortune dropped $5.8 billion to $193.5 billion. His ex-wife, MacKenzie Scott , is $2 billion poorer this week.

Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas, Nevada on June 6, 2019. Mark Zuckerberg’s fortune fell $4 billion as Facebook shares dropped 3.7% in the past week. He’s been more vocal than ever before about political misinformation on the social media platform and announced steps to mitigate the problem.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How many good jobs is he creating?

less money less well taken photos?

Worth billions and his company can’t even sustain profitability...yeah, it’s do for a correction.

After he was up $20B the week prior! 🙄

That Hurts 😱

Hopefully he can still put food on the table.

To elonmusk thats $20 (thats literally what I lost on the market last week).

Forbes reporting on elonmusk wealth everyday for the last 2 months. when the stock goes up they call him greedy for making money in the pandemic and when the stock goes down they laugh and rub it in his face...how about stop reporting it!!

After such a terrible loss, I saw Bezos in the food stamp line with the rest of his employees.

Plus he’s getting really fat.

Easy come, easy go.

Wait until his announcement later today

this guy is a genius and the journalist are pathetic losers.

Is that why he brother sold his stock?

10 stone loss is what he needs.

elonmusk stonks

NaHasHerfeesTwin From Study

Did he even notice given his 19/20, now 20/21? OH, and if he did, did laugh

i'm just guessing here, but i think Musk will survive

You made my day Forbes.

Good

Gnida

Don’t say anything Kidd. 🕉 🧐

Why is this failure famous? For doing drugs with Rogan? NotMyHero

Who cares about trumps racist flunky

Kathie

He'll be okay.

And owners of his cars complain bitterly.

lol. I'm surprised they don't report on stock price second by second. Overall Tesla is up like 10x compared to 2019 ...so ... try and say that's somehow bad ... 🤷‍♂️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Musk promises Tesla design overhaul, 'ravecave' at Berlin plant - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They all ready had a rave-cave and it went bankrupt... I see Mr Musk turning back to his roots huh🤔?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Musk, Bezos, Gates, and Zuckerberg lost tens of billions this week - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Poor guys , I will buy them a drink.👍 Insane wealth inequality on display here. See you in gitmo
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bezos, Musk, Zuckerberg and Gates lose a collective $25 billion in net worth after tech stocks fallTech companies took a beating Thursday, as S&P 500 tech sector closed down 5.8%. And? Tax the rich. A few pennies that they’ll get right back at some point...🤓...
Source: CNBC - 🏆 12. / 72 Read more »