Elon Musk crowned world’s richest person in a week, comes in second

Networth declined 8 percent
On Monday, Tesla shares fell nearly 8 percent. Because of this, Musk’s net worth was reduced to US $ 176.2 billion. Musk’s electric car company Tesla has increased its market value significantly this year. Last week, Musk’s company saw a big jump in share prices, after which he reached the first position in terms of total assets. His total wealth had crossed 185 billion dollars (1 trillion 85 billion dollars).

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This was achieved by Musk, leaving behind Jeff Bezos, founder of the online shopping platform ‘Amazon’. Jeff Bezos was at this place since 2017. Elon Musk is now 6 billion dollars behind Bezos. Jeff Bezos now has a net worth of $ 182.1 billion and is now once again the richest person in the world. On Monday, Jeff Bezos’ company, Amazon’s stock, also fell by 2 percent and saw a decrease in his net worth by $ 3.6 billion.

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Despite the economic slowdown due to coronavirus, Musk’s net worth rose by $ 150 billion in the last 12 months. He is possibly the fastest earning person in the world. Musk earned $ 17736 million every hour during the last one year, or about Rs 127 crore. It is because of this that the shares of Tesla, the world’s most valuable auto company, have increased unprecedentedly.