Elon Musk’s net worth shrinks by $ 12 billion as Tesla shares fall

San Francisco, May 20: Techbillionaire’s Elon Musk recently confirmed that more than $ 12 billion has wiped out its net worth following the recent fall in Tesla shares and the S & P Global Rating decision to launch Tesla from the ESG index.

The decline in Musk’s net worth is also in the midst of his announcement that he will no longer vote for candidates from the Democratic Party in the next election, Tesla Lati reports. SpaceX Sex Scandal: Elon Musk refutes allegations of paying female workers to rush allegations of sexual misconduct. Say “a story that hinders the acquisition of Twitter”

Despite losing more than $ 12 billion in net worth, Musk is still the wealthiest person in the world, his name is $ 210 billion.

This is far ahead of Jeff Bezos, the founder of Amazon, the second wealthiest person in the world. Current net worth is estimated at $ 131 billion.

Tesla’s share price fell 6.8% on Wednesday. According to Wedbush analyst Dan Ives, the main driver of this change was the company’s departure from the S & P 500 ESG Index.

“ESG (environmental, social, corporate governance) issues, coupled with market downturns, put a lot of emphasis on equities,” Ives said.

(The above story was first published on May 20, 2022 at 3:55 pm IST. Log on to our website for news and updates on politics, the world, sports, entertainment and lifestyle. please.

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