Musk’s Ukraine tweets have affected his net worth.
Musk is the richest person in the world. AOP / Janiko Kemppi
Musk is known for his whims, and tweets that talk about the whole world fall at a steady pace on the billionaire’s Twitter account. Tweets have directly affected the value of stocks or cryptocurrencies, for example.
Musk’s involvement in the war in Ukraine has had a big impact on the billionaire’s fortune. On October 3, Musk presented his proposal on Twitter to end the war in Ukraine. Musk suggested that a new UN-supervised referendum be held in the territories illegally annexed by Russia.
– Russia will leave if it is the will of the people, Musk wrote.
The proposal caused a global uproar. A few days after this, Musk suggested in his tweet chain that citizens of some regions of eastern Ukraine would like to belong to Russia, referring to the voting map of the 2012 Ukrainian parliamentary elections. The tweets poured more water into the mill.
Musk’s statements have also been quoted in Finland. Recently, Finnish celebrities announced that they are selling their Teslas. Among other things, a businessman Jari Sarasvuo simply tweeted “I’ll sell my Tesla”. Read more about the topic here.
Bloomberg statistics according to Musk’s net worth fell by 15 billion euros after the referendum tweet. After this, Musk’s wealth temporarily increased by five billion, when Musk announced that he would buy Twitter after all on October 4. After this, Musk’s wealth has decreased quite a bit.
One of the latest twists is Musk’s announcement to prevent Ukraine from using SpaceX’s Starlink internet connections in the Crimea region.
On October 13, 51-year-old Musk’s net worth was 209 billion euros. Almost 60 billion dollars have been dropped since mid-September. Despite this, the Tesla leader is the richest man in the world. Most of Musk’s wealth consists of his Tesla holdings, but SpaceX with its Starlink project is also visible on the man’s account.