Elon Musk News / Musk lost 8 crores of wealth every minute in 75 days, why did the trouble come

Elon Musk News: The world's richest businessman Elon Musk has suffered such a huge loss in the last 75 days that it is more than the total wealth of hundreds of billionaires. Since December 18, the total net worth of Tesla owner and the world's richest person Elon Musk has declined by more than $ 100 billion, out of which a loss of $ 11 billion was incurred on February 22 alone. This amount is so huge that even the total wealth of Asia's richest businessman Mukesh Ambani is less than this.

Decline in Elon Musk's wealth

According to the Bloomberg Billionaires Index, on February 22, Elon Musk's total wealth declined by $ 11.9 billion (about Rs 10.31 lakh crore). After this loss, his total wealth has come down to $ 385 billion. However, despite this, he remains the richest businessman in the world. Mark Zuckerberg, who is in second place, is still $ 140 billion behind him. But, in the last few weeks, there has been a steady decline in his wealth.

Loss of more than $ 100 billion in 75 days

On December 18, 2024, Elon Musk's total wealth was $ 485 billion, which has now come down to $ 385 billion. This means that he has suffered a loss of $ 101 billion (about 20.78%) in 75 days. Since the beginning of this year, his wealth has declined by $ 47 billion (about 11%). The main reason for this is the huge fall in Tesla's shares, which have fallen by 23% in this period.

Huge loss every day, every hour, every minute

• Every day: Elon Musk suffered an average loss of Rs 12 thousand crores.
• Every hour: Loss of more than Rs 486 crores.
• Every minute: Fall of more than Rs 8 crores.

Loss more than Mukesh Ambani's total wealth

Elon Musk has suffered a loss of as much wealth in 75 days as even Asia's richest businessman Mukesh Ambani does not have. Currently, Mukesh Ambani's total net worth is $87.3 billion. He also suffered a loss on February 22, which resulted in a decline of $3.36 billion in his wealth. Despite this, he remains the 17th richest person in the world.

Loss bigger than Uttar Pradesh's budget

If we compare Elon Musk's loss of 75 days with the budget of Uttar Pradesh, then this figure is shocking. The total size of the UP budget presented on February 20 was $93 billion, while Elon Musk's wealth declined by $101 billion. That is, his loss could have covered the entire year's expenditure of India's largest state.

Loss equal to the world's GDP

The decline in Elon Musk's wealth is so much that it is more than the GDP of many countries. According to the IMF, the estimated GDP of Costa Rica is $100.67 billion and Luxembourg's GDP is $96.99 billion. At the same time, the total GDP of countries like Croatia, Panama, Turkmenistan, Uruguay, and Serbia is also less than $100 billion.

Conclusion

Elon Musk has suffered huge financial losses in the last 75 days, which is more than the total wealth of many billionaires of the world. The main reason for this is the huge fall in Tesla's shares. However, he still remains the richest person in the world, but if this decline continues, then his wealth may see further reduction in the coming days.