Elon Musk Net Worth: 152 billion dollars lost in one day, still the loss is bigger than the net worth of number-1 rich, Adani-Ambani

Business Desk – Elon Musk Net Worth: The world’s richest businessman Elon Musk is once again in the news regarding his wealth. However, this time the reason is not an increase in his wealth, but a record decline. On Monday, Musk’s net worth recorded a decline of $152 billion in a single day. This amount is said to be more than the total wealth of India’s two biggest industrialists Gautam Adani and Mukesh Ambani.

Number-1 even after losing 152 billion dollars

Despite the huge decline, Elon Musk remains the richest person in the world. His total net worth is currently said to be 1.08 trillion dollars. Musk is still the world’s only trillionaire. His wealth is almost three times more than the total wealth of the world’s second richest person, Larry Page, at $299 billion.

This year alone wealth increased by 456 billion dollars

Elon Musk’s wealth has increased by $456 billion this year alone. Interestingly, his yearly earnings are said to be more than the total net worth of the second richest person in the world.

Shock due to fall in SpaceX shares

The main reason for this huge decline in Musk’s wealth was the sharp decline in SpaceX shares. On Monday, SpaceX shares fell 16.43% and closed at $154.60. Due to this big fall in the stock, $152 billion was wiped off from Musk’s net worth.

These SpaceX shares were also the biggest reason for increasing Musk’s wealth this year. There was a record jump in his net worth during the rise in shares.

Loss bigger than the total assets of Adani and Ambani

According to Bloomberg Billionaires Index, Gautam Adani’s net worth is $120 billion, while Mukesh Ambani’s net worth is said to be $88.3 billion. That means the amount of wealth lost by Elon Musk in a single day is more than the combined wealth of both the Indian billionaires.

Pressure may continue further

Analysts believe that if the weakness in SpaceX shares continues, then there may be further pressure on Elon Musk’s wealth. However, at present he remains in a strong position as the richest person in the world.