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Elon Musk loses position as 2nd-richest person in the world

Elon Musk has relinquished his position as the world’s second-richest person to Bernard Arnault after Tesla stock dipped yesterday.

Bloomberg’s Billionaire showed that Musk’s wealth dwindled by $3.16 Billion in 24 hours.

Early this year, Elon Musk climbed to the summit of the rankings; enjoying a brief stint there before Amazon boss, Jeff Bezos reclaimed his throne.

There’s been an air of pressure surrounding Tesla’s stock for a while – many believe Elon Musk’s recent tweet has contributed negatively to it.

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The billionaire announced in one of his tweets that Tesla will stop accepting Bitcoin as a means of payment.

A further dive into Bloomberg’s data shows that the company’s stock has plunged by 24% since the start of the year.

There are reports that some shareholders are unhappy with Musk’s tweet.

Lucky enough the distance between the American and Bernard Arnault isn’t wide and Elon Musk can regain his position as the second-richest man in the world soon.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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