Elon Musk becomes first person in history to lose $200b

 Jan 1 2023


By Efosa Taiwo


Billionaire Elon Musk, formerly the richest man in the world, has broken a new record as the first person in history to lose $200 billion.

According to the Bloomberg Billionaire’s Index, the Tesla founder and Twitter owner lost $200 billion off his net worth.

It was gathered that Musk’s wealth plummeted to $137 billion following the decline in Tesla shares in recent week. This includes a massive 11 per cent fall in Tesla shares on December 27.

Tesla is now offering consumers in the United States a $7,500 discount for its two highest-volume models before year-end.

Recall Musk’s fortune topped at $340 billion in November 2021.


On the back of this, he was the world’s richest person for more than a year at a stretch.

The new Twitter owner was then overtaken this month by Bernard Arnault, the French business magnate and co-founder of luxury goods powerhouse LVMH.

Comments

Post a Comment

Popular posts from this blog

Warning For Millions Of Android Owners— Your Bank Could Be Totally Emptied.

Image
 A NEW piece of malware is making the rounds among Android phones - which is targeting people's banking apps. Cybersecurity experts have warned millions of Android users of the new hacking scheme - which gives scammers full control over people's phones. Beyond targeting banking apps and being able to track its victims locations, the malware also targets WhatsApp. Through this malware, known to experts as Hook, hackers are able to gain complete remote control over an Android device. This means that fraudsters are able to access photos, messages, apps and notes without Android users knowing anything is awry. Cybersecurity experts at ThreatFabric raised the alarm on the malicious scheme earlier this month. "Hook now joins the very dangerous ranks of malware which is able to perform a full attack chain from infection to fraudulent transaction," researchers wrote in a recent report. "It includes new capabilities typical of spyware, which allow criminals to track and s...
Read more

Another Company Begins Vehicle Manufacturing Plant in Enugu.

Image
 Another vehicle manufacturing company has started vehicle making in Enugu, like the famous Innoson Motors. The company, Ingrace Motors was praised by the Enugu State government for promoting indigenously made vehicles in Nigeria. Governor praises 'Can do spirit' of firm The Chief Executive Officer of Ingrace, Chinedu Onu, displayed the company’s brands and donated one of the vehicles to the Enugu State government recently to assess their quality, flexibility and strength. The Guardian report said that the state government congratulated the company for demonstrating a dogged spirit despite the harsh business climate in Nigeria. Secretary to the state government, Simon Otuanya, praised the company’s vision, which he says is in line with the state government’s policy of promoting the safety of lives and property. He thanked Ingrace Motors for the donation and informed the firm that the state government come up with policies to foster its growth and achieve its vision in the inter...
Read more

Some cool facts about coding and programming

Image
Coding and programming are becoming more and more popular amongst children the world over. Programming is now a popular past time, with many kids being introduced to coding through games and platforms such as Minecraft and Roblox. Parents and schools are also increasing their attention on the subject, as coding is so relevant to kids’ futures. With dedication and education, children can learn how to code which still having fun. For example, FunTech offer a  range of virtual courses  aimed at kids. It’s the fun elements that make coding and programming appealing to kids. Harnessing those elements is key to encouraging them. With that in mind, we have compiled 14 cool facts about coding and programming might be the spur to get your kids interested in learning more. Fun facts about coding / programming 1. There are around 700 separate programming languages Amongst this list, some of the most popular languages are Javascript, Swift, Scala,  Python , PHP, Go, Rust, Ruby, and C...
Read more