Elon Musk’s net worth plunged $16.3 billion on Tuesday, the largest single-day wipe-out in the history of the Billionaires Index. The SpaceX owner is currently owns assets worth $82.3 billlion.
On news of a partnership between competitors Nikola Corp. and General Motors Co., deepening a sell-off that began last week; the electric-carmaker, Tesla fell 21% in trading on the NYSE. Musk’s drop would have been even larger if he hadn’t collected his third tranche of options worth $2.2 billion, linked to his moonshot compensation package.
Amazon Inc’s Jeff Bezos who crossed the $200 billion mark, lost $7.9 billion on Tuesday. Read here.
In the meanwhile, Indian Billionaire Mukesh Ambani touched the 4th position on the Bloomberg Billionaires Index. Read here.
If you bombard Earth with enough photons, eventually it emits a Tesla (AK)
— Elon Musk (@elonmusk) September 7, 2020
