Musk’s fortune is primarily comprised of Tesla stock and options. The automaker’s spiralling shares pose a particular risk for Musk, 51, who leveraged more of his position to finance his acquisition of Twitter in October. — Reuters
Elon Musk’s fortune continues to take a beating a week after he lost his spot as the world’s richest person.
His net worth tumbled US$7.7bil (RM34.2bil) on Tuesday after Tesla Inc shares had their steepest one-day loss since October.
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