At the beginning of April, that was still 288 billion dollars. The decline followed the heavy price loss of the share of the electric car manufacturer Tesla, of which Musk is the founder and CEO.
Although Musk’s net worth has shrunk to its lowest level since August last year, he is still by far the richest person in the world, according to Bloomberg’s billionaire index. Jeff Bezos, the founder of e-commerce group Amazon, is the number two with 128 billion dollars.
In March, Musk’s assets also fell below the $200 billion threshold for a while. But due to a strong recovery in the stock markets, his assets bounced on April 4 to $288 billion. That was the same day Musk revealed that he had bought a stake in social media platform Twitter. Shortly afterwards, Musk launched a takeover bid for the entire company.
The Tesla CEO has already reached an agreement with Twitter about the acquisition, but has recently put the deal on hold, because he wants more clarity about the share of fake accounts on the messaging service. Due to the uncertainty surrounding the takeover deal and the turmoil on the stock markets, the share prices of both Twitter and Tesla have fallen in value.