Transcription
You also cannot imagine that someone loses around 700 billion US dollars within a few weeks. The sum is also difficult to grasp. A number with 11 zeros, as much as the gross domestic product of a country, almost as much as that of Sweden, and still more than the wealth of the second richest and third richest people in the world combined. Elon Musk has lost profile after the record IPO of his company SpaceX, which had only made him the world's first trillionaire in June. His wealth at that time was 1.45 trillion US dollars, now about half is gone, because when it comes, it comes in bulk. Both of his publicly traded companies have indeed lost significant value. So Tesla at the stock market lost around a quarter of its value in the last month. SpaceX is 48% down from its high. So, these are indeed unbelievable numbers. However, the 55-year-old Elon Musk does not need to be pitied. With 724 billion US dollars, according to Forbes, he is still the richest person in the world, and by a wide margin. So, not only shareholders have to deal with the fluctuations of the highly valued stocks Tesla and SpaceX, but apparently also Elon Musk's wallet.