Musk lost $44 billion in a month, Twitter was bought for the same amount

In the last one month, there has been a decline of $ 44 billion in the wealth of Elon Musk. The reason for this is the decrease in Tesla shares. In the last one month, the shares of the world's largest EV maker have fallen by 23 percent.

Since August 10, there has been a continuous decline in the wealth of Elon Musk. During this, $ 14 billion was reduced from the wealth of the world's richest billionaire. When the data of the last one month was scrutinized, it was found that the amount in which Elon Musk had bought Twitter, he has lost that much wealth in the last one month. Yes, this amount is 44 billion dollars.

If it is weighed in Indian rupees, then Rs 36,58,18,86,00,000 i.e. Rs 3.66 lakh crore is being made. The important reason for the fall in wealth is believed to be the fall of more than 22 per cent in Tesla shares in the last one month. In fact, Tesla has cut prices to increase its sales in China. Because of which there has been a big fall in Tesla's shares, the effect of which has been seen in Musk's wealth.

44 billion dollars destroyed in the last one month

According to data from the Bloomberg Billionaires Index, Elon Musk's net worth on July 18 was $256 billion. Since then, continuous ups and downs were seen in Musk's net worth. When the US market closed on August 16, Musk's wealth had come down to $ 212 billion. This means that in about a month, $ 44 billion in Musk's net worth has been wiped out. By the way, an increase of $ 75.1 billion has been seen in Musk's net worth this year. By the way, on August 16, $ 5.26 billion has decreased from Musk's wealth.

Big drop in Tesla shares

The decline in Tesla shares is believed to be the major reason for the decline in Elon Musk's wealth. According to statistics, Tesla shares in a month. A decline of more than 23 percent has been seen. On July 18, the company's shares were priced at $293.34, which has come down to $225.60 on August 16. During this, the company's shares have fallen by $ 67.74. The real reason for the fall in Tesla shares is to reduce car prices. In fact, to increase the sales of cars in China, the prices have been reduced. For this reason, there is a decline in the shares of the company.

Just bought Twitter

The surprising thing is that as much as the decline in the wealth of Elon Musk has been seen, Musk had bought the entire Twitter. Yes, when Musk bought Twitter, he paid $ 44 billion for this social media app. Whose current valuation is said to be $ 20 billion. Which has been confirmed by Elon Musk himself. Recently, Elon Musk has changed the name of Twitter to X. Whose domain has also been changed.