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Elon Musk lost 1.74 Crores Every Minute; Really a Man with Nerves of Steel

  • Posted on November 23, 2022
  • News
  • By Akta Yadav

Elon Musk and his fortunes are really having a very tough time of unimaginable magnitude.  His wealth deteriorated this year at the rate of Rupees 1.74 Crores per minute.

Yes you read it right. A whopping 2500 Crores of Rupees is the amount which diminished this year from the wealth of this richest person of the world.

After the takeover of Twitter Elon Musk continues to face the wrath of world community for his decisions of high-handedness may it be firing of top executives on the very first day and later many more employees or may it be new rules regarding the blue tick verified accounts?

But this strong man seems to hold the ground even in these tough times. He really seems to have the nerves of steel to survive such tremendous pressure from all around the world.

Elon Musk lost 1.74 Crores Every Minute; Really a Man with Nerves of Steel

A recent report revealed that Elon Musk, the richest man in the world, is losing about Rs 2,500 crore per day and that his fortune fell by $101 billion in 2022. Bloomberg's wealth index estimates that until this month, his net worth was $170 billion.

Elon Musk, a billionaire, has been in the news for a variety of reasons ever since he purchased Twitter. After Tesla shares fell to their lowest point this year, which hasn't happened in the previous two years, it has now been revealed that Musk lost more than $100 billion in this year's net worth.

30,000 Model X vehicles were reportedly called back by Musk's Tesla due to a flaw that could lead to an incorrect front passenger airbag deployment.

Shares fell as a result of this (Tesla). According to reports, the manufacturer of electric cars lost half of its market value as the stock erased 17 months of gains.

According to Bloomberg's wealth index, which includes the richest people in the world based on their net worth, Musk's wealth has reportedly decreased the most. The billionaire wealth index reached its highest point of $340 billion a year ago.

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Akta Yadav

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