Due to purchase of Twitter, Musk lost $ 70 billion

Tesla lost almost half of its market value, and its own capital of the CEO of Ilon Mask fell by $ 70 billion since in April he relied on the purchase of Twitter, reports Reuters.

According to the rating of the Forbes billionaires, updated in real time, the day before, the size of the mask dropped below $ 200 billion.

This is associated with a fall in the course of shares of his company – manufacturer of Tesla electric vehicles. Investors get rid of Tesla stocks due to fears that Musk has become much more paid to the development of Twitter. As a result, Tesla lost almost half of its market value, which is now $ 622 billion.

Nevertheless, Elon Musk is still the richest person in the world, by almost $ 40 billion ahead of his closest pursuer in the FORBES, owner of LVMH Bernard Arno.

Musk closed the Twitter purchase deal on October 27, paying $ 44 billion for the company