Money makes money and these 10 people of the Bloomberg rich list have made a lot of it over the years. And by a lot, we mean a LOT! Image: JIM WATSON / AFP
Money makes money and these 10 people of the Bloomberg rich list have made a lot of it over the years. And by a lot, we mean a LOT! Image: JIM WATSON / AFP
The richest man in the world saw his net worth fall by a stomach-churning amount on Wednesday, and Elon Musk may only have himself to blame. The Pretoria-born billionaire is now down $12.3 billion, or R197 billion, in the past 24 hours.
According to the Bloomberg Billionaire’s Index, Elon Musk – now worth around $210 billion – is still top of the log, and remains an estimated $80 billion clear of Amazon’s Jeff Bezos. But no matter how wealthy you are, nobody likes taking an 12-figure hit to their bank account.
After his eventful day, Musk must now take stock of his position. He has been incredibly vocal on Twitter recently, and a blend of political and economical rants have peppered his page. Here’s what has contributed to the turbulence in his fortunes this week:
Musk also predicted that political attacks ‘will be escalated’ against him, now he’s declared his backing for the Republican Party. It’s unclear what influence this could have on the 2022 mid-terms, but we doubt the ultra-wealthy mogul will be changing his stance any time soon.
“Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponized by phony social justice warriors.”
“Political attacks on me will escalate dramatically in coming month. In the past I voted Democrat, because they were (mostly) the kindness party. But they have become the party of division and hate, so I can no longer support them and will vote Republican.”
Elon Musk