With Russian invasion of Ukraine, Elon Musk’s net worth drops below $200 bn
Tesla and SpaceX CEO Elon Musk lost a whopping $13.3 billion as Russia invaded Ukraine, taking his net worth to below $200 billion as the global markets plummeted. Musk was the second person, after Amazon founder Jeff Bezos, to reach the hallowed $200 billion mark. The Tesla CEO's net worth was roughly $199 billion while Bezos' net worth was around $176 billion, according to the Bloomberg Billionaires' index. Tesla's shares fell for the fifth-straight day to $700 late on Thursday, its lowest evaluation since August as the war erupted. It later rebounded to $768 a share.
Musk owns 172.6 million shares in the electric car maker. Musk, still the world's richest man, has seen $72 billion wiped from his fortune to date this year. Asian markets and US stock futures plunged on Thursday as Russian President Vladimir Putin announced a military operation in Ukraine. Hong Kong's Hang Seng Index declined 3.2 percent, while South Korea's Kospi dropped 2.7 percent. Japan's Nikkei 225 lost 2.4 percent after coming back from a holiday and China's Shanghai Composite moved 0.9 percent lower. US stocks futures also tumbled. Dow futures were down as much as 780 points, or 2.4 percent. S&P 500 and Nasdaq futures were down 2.3 percent and 2.8 percent, respectively. (IANS/SP)
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