According to information by the Bloomberg Billionaire Index, Tesla CEO Elon Musk personal net worth declines by $35 billion in just one day.
Furthermore, This equals the entire market cap of meme cryptocurrency Dogecoin.
Currently, The Meme cryptocurrency which Musk supports is currently trading at around $0.27 on major spot exchanges.
Also, Tesla shares a record of the biggest daily drop of 2021. Of course, Elon net worth receives a blow after the shares of e-car manufacturer Tesla drops 16% this week.
Notably, On Tuesday the stock sees 11.99% decline, marking its biggest one-day loss in 14 months.
Also, Twitter decides that Elon Musk to sell 10% of his shares after over 3.5 million people participates in the businessman’s poll.
Do you support this?
— Elon Musk (@elonmusk) November 6, 2021
Furthermore, in 48 hours, Elon wealth declines to $50 billion. Of course, this surpasses the entire net worth of Len Blavatnik, the richest man in the U.K.
Notably, Bloomberg days this is the steepest two-day drop in history. Meanwhile, Amazon CEO Jeff Bezos holds the record for the biggest one-day decline. Of course, this is after reaching a $37 billion divorce settlement with MacKenzie Scott.
Lastly, Elon Musk still has a comfortable $82 billion lead over Bezos, according to the Bloomberg Billionaire Index.