Elon Musk lost about $29 billion in one day due to the decline in shares of his corporation Tesla. This is shown by data from the "Billionaires Index" published by Bloomberg agency.
According to this information, Musk's losses per day correspond to 6.7% of his fortune. Since the beginning of the year, the businessman has already lost $132 billion (30.5% of all assets). At the moment, his fortune is about $301 billion. USD, according to the portal Yahoo Finance, the value of Tesla shares fell by 15.4% compared to the closing price of the previous transaction and reached $ 222.2 per share.
As noted by American media, the actions of the Department of Government Efficiency (DOGE), controlled by Musk, which is engaged in reducing the government apparatus and cutting budget spending, previously provoked protests against Tesla in America.
On March 7, The Independent reported that Musk's fortune had decreased by $ 8.8 billion in one day, after Tesla shares fell significantly. The company's share price fell after US President Donald Trump imposed new tariffs on products from Canada, where parts are imported, as well as higher tariffs on goods from China, the second largest market for Tesla electric vehicles. In December, the share price reached 479 USD, in March it fell below 260 USD.
As the publication reports, if Musk loses another 116 billion USD, he could lose his status as the richest person on the planet. The next richest person after Musk is Amazon founder Jeff Bezos, whose fortune is estimated at 216 billion USD.