Elon Musk loses N5 trillion in a day after Bitcoin warning, Jeff Bezos overtakes him as world's richest person

Elon Musk loses N5 trillion in a day after Bitcoin warning, Jeff Bezos overtakes him as world's richest person

- It was a bad day for Elon Musk on Monday, February, 22, as he lost $15.2 billion (N5,795,000,000,000) from his net worth

- Tesla shares slid 8.6% and made it possible for Amazon CEO Jeff Bezos to overtake Musk as world's richest person

- The net worth of the Tesla boss now stands at $183.4 billion (N69,921,250,000,000)

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The chief executive officer of Tesla, Elon Musk, has been overtaken by Amazon boss as the world's richest person.

According to Bloomberg, Tesla shares slid 8.6% on Monday, February 22, wiping $15.2 billion (N5,795,000,000,000) from Musk's net worth.

One of the reasons for the decline was Musk's comments over the weekend that the prices of Bitcoin and Ether "do seem high".

His message came two weeks after Tesla announced it bought $1.5 billion (N571,875,000,000) dollars worth of Bitcoin.

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Elon Musk loses N5 trillion in a day after Bitcoin warning, Jeff Bezos overtakes him as world's richest person

Jeff Bezos has overtaken Elon Musk as the world's richest person. Photo credit: Liesa Johannssen-Koppitz/Bloomberg, Arif Hudaverdi Yaman/Anadolu Agency
Source: Getty Images

Musk is now worth $183.4 billion while Bezos' net worth stands at $186.3 billion.

In a previous report by Legit.ng, Nigerian rapper Erigga was all over the moon as Musk reacted to his tweet.

On Friday, January 8, Erigga tweeted while interacting with his fans, asking them to choose between having dinner with Elon Musk or be given two Bitcoins.

The post generated a lot of reactions from his fans and followers.

The least person Erigga was expecting was Musk but he responded to the tweet. The business magnate reacted with a crying emoji.

In other news, Musk on Monday, March 9, 2020, told an audience at a Satellite 2020 conference in Washington DC that people do not need to attend college to learn stuff.

Musk made the statement when an audience member asked him about the necessity of college education at the conference.

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The technology entrepreneur said he favours seeing whether somebody can work hard at something.

Musk noted that colleges are basically for fun and to prove you can do your chores, but they're not for learning.

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Tunde Ososanya, a Legit.ng editor, is a graduate of Mass Communication from the Nigerian Institute of Journalism. He's passionate about what he does and finds fulfillment in informing the people. Ososanya is the author of Later Tonight: a Collection of Short Stories.

You can follow him on Twitter: @TundeOsosanya

Source: Legit.ng

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