American businessman Elon Musk, CEO of Tesla, the electric car maker, recorded unprecedented wealth in the past year, but that did not continue.<\/p>\n
Kiev. Ukraine. Ukraine Gate – March 06, 2021 \u2013 Entrepreneurs<\/strong><\/p>\n \u00a0<\/strong><\/p>\n Elon Musk has<\/a> lost $ 27 billion since last Monday, as the carmaker’s shares plummeted in the tech stocks sell-off.<\/p>\n <\/p>\n Nevertheless, his net worth of $ 156.9 billion still places him second on the Bloomberg Billionaires Index.<\/p>\n <\/p>\n But he’s now about $ 20 billion behind Jeff Bezos, who last week topped the list as the world’s richest person. At the same time, Musk\u2019s stumbling block underscores the hard-to-understand<\/a> speed of his rise.<\/p>\n <\/p>\n Tesla’s shares rose 743% in 2020, boosting his stake and unlocking billions of dollars in options with his historic \u201cmoonshot\u201d compensation package.<\/p>\n <\/p>\n Bitcoin investing<\/strong>:<\/strong><\/p>\n <\/p>\n Musk’s wealth was not only governed by the forces affecting the technology<\/a> industry, his net worth rose and decreased along with the price of the cryptocurrency Bitcoin.<\/p>\n <\/p>\n Tesla revealed last month that it added $ 1.5 billion of cryptocurrency to its balance sheet. Musk’s fortune received $ 15 billion two weeks later after he wrote on Twitter that the prices of Bitcoin and other cryptocurrencies \u201cseem to be really high.<\/p>\n