New Delhi: Tech billionaire Elon Musk on Sunday refuted reviews that he makes $142,690 each minute, or $8,560,800 an hour, saying he’s dropping extra money each time Tesla inventory nosedive. Replying to a consumer, the X proprietor stated such reviews depend on “silly metrics”. “It’s not a giant pile of cash. I really just own stock in the companies that I was instrumental in creating,” Musk posted.
He stated that technically, he “loses” far more than “every time Tesla stock randomly drops”. The report claimed that Musk’s internet price went up a median of about $2,378 per second throughout that three-year interval. (Also Read: Bengaluru Man Awarded Rs 1 Lakh Compensation For iPhone 13 Damage: Here’s Why)
“That’s $142,680 a minute, or $8,560,800 an hour. If he went to bed for eight hours, he’d wake up the next morning to find himself $68,486,400 richer,” the report had claimed.
The Tesla and SpaceX CEO witnessed a staggering enhance of $96.6 billion in his internet price from January to June 2023. He is at present the world’s richest man with $248.7 billion in internet price.
Musk at present has a 23 % stake in Tesla. A good portion of his wealth, round two-thirds, is tied to Tesla’s success. Musk made headlines in October 2022, when he bought Twitter for $44 billion.
Earlier this 12 months, the billionaire turned the primary particular person to lose $200 billion in internet price in a interval of 13 months. According to a Bloomberg report, Musk noticed his wealth drop to $137 billion following a latest drop in Tesla shares.
The shares of his electrical automotive firm went down almost 65 %. Musk noticed his fortune peak in November 2021, hitting $340 billion, earlier than a large drop.
