In a single day, Musk lost more money than the GDP of Iceland

In a single day, Musk lost more money than the GDP of Iceland

Tesla’s stocks were making Elon Musk richer than ever until he lost more money than the total GDP of Iceland, Musk lost $30 billion while Iceland’s GDP is $24.49 billion as per 2017.

According to Forbes, in the first week of January 2022, SpaceX and Tesla’s CEO, Elon Musk’s net worth was more than 300 billion dollars before crashing back down to $275.

January’s first week was a dramatic stock week for Tesla that saw the company trading up 13.5 percent on Monday, which down by 11 percent at the end of Thursday.

However, If you’re also a fan of Elon Musk, so you shouldn’t feel bad for him because he’s still the richest man on earth. 

His closest competitor is French fashion mogul Bernard Arnault, who has $75 billion less than Musk. But, at the very least, it proves that for an ultra-wealthy, vast riches are more about numbers on a spreadsheet than anything particularly tangible.   

Although it’s hard to judge how wealthy Tesla’s CEO is, not just because his money is tied up in multiple business but also because Musk himself has made grand gestures denying it.

A few weeks ago, Elon Musk and the media that follow him made major hay about Musk’s decision to sell all his properties in California and move to a humble shack near his Texas SpaceX plant. a decision that’s been called into question after the Wall Street Journal reported that Musk had actually been living in another PayPal mafia member’s waterfront mansion in Austin.

At the end of the day, $30 billion is chump change to people like Elon Musk or Jeff Bezos, and it proof that money is extremely fake.

Abraham

Abraham

I used to write about History, once I wrote about Nikola Tesla and fell in love with Science, now I'm covering topics related to Elon Musk, Astronomy-Cosmology, Hypotheses & Science based Missions not history. If you like my articles then you can support me by providing a cup of coffee, burger or something

One thought on “In a single day, Musk lost more money than the GDP of Iceland

  • January 12, 2022 at 3:47 am
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    Am glad and grateful for Elon Musk. .
    Hope he stays well and goes on doing and realizing his ideas and plans. Why should an extra inteligent and vivid mind not trive? Small minds are enough around and want to drag us back into the middle age because of being envious of smart and brave.

    Reply

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