Elon Musk lost his World Richest Person spot with a tweet

Elon Musk lost his World Richest Person spot with a tweet

Tesla, SpaceX Founder, CEO, Elon Musk lost his share values on several occasions because of his tweets. Now, he lost his first place to Amazon Founder, CEO, Jeff Bezos with a single tweet. On Monday, Tesla company shares fell 8.6% due to his single tweet.  Everyone knows how the value of cryptocurrency in recent times is rapidly increasing. 

In particular, the value of bitcoin is rising exponentially day by day.  The present market value of a Bitcoin is $ 50,000.  In this context, Elon Musk tweeted that bitcoin and ether cryptocurrency prices appear to be higher. Since the tweet, Tesla shares have been falling sharply.  This sharp decline resulted in a fall of $15.2 billion and with this, Elon Musk's nett worth touched $ 183.4 billion.  

His tweet not only costs his money but also his World Richest Person position. Yes, he slipped down to the second position whereas Amazon Founder, CEO, Jeff Bezos reaches the top with $186.3 billion. Elon stands in the second position with $183.4 billion. Tesla recently bought $ 1.5 billion worth of bitcoins. And it also making efforts to get Bitcoins under the payment soon.