Elon Musk as Tech Stocks Plunge Down Around $ 10 Billion in a Week


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fter briefly became the fifth focal point in the world on Monday, August 31, with Tesla CEO Elon Musk making the weekend as tech companies $ 9.9 billion – and the fortunes of their founders – a hit.

While tech companies are largely accelerating the stock market during the epidemic, giants such as Facebook and Amazon called for some observers to improve on Thursday and Friday. The S&P 500 was down 2.3% for the week, while the Dow Jones Industrial Index fell 1.8%. Tesla stock began to falter on Wednesday, after news broke that its largest shareholder, Scottish investment firm Bailey Gifford, reduced its stake in the company. The stock was down 5.5% at the end of the week.

Even with the decline, Musk is four times richer than a year ago, with a net worth of $ 87.9 billion. He is currently the world’s fifth richest person, $ 5.5 billion ahead of Warren Buffett.
Jeff Bezos, the world’s richest man, hit a milestone last week when he joined as the man Forbes With a fortune that was over $ 200 billion. The market closed on Friday, with Amazon shares down 3% compared to a week ago, with Bezos’ fortune falling from $ 5.8 billion to $ 19.55 billion. His ex-wife, McKenzie Scott (total assets: $ 62.4 billion), is poorer than $ 2 billion this week.

Mark Zuckerberg’s fortune fell by $ 4 billion as Facebook shares fell 3.7% in the previous week. He has been more vocal than ever about political misinformation on social media platforms and has announced steps to reduce the problem. On Wednesday, he and his wife Priscilla Chan announced a $ 300 million donation to fund voting infrastructure, such as protective equipment for polling personnel and to rent polling place. On Thursday, he said Facebook would block new political ads during the week before Election Day, and flag posts in which a candidate tries to claim a win ahead of time.

Quick Loan cofounder Dan Gilbert had a chaotic week as shares of the online mortgage lender’s parent company, Rocket Company, surged ahead of midweek ahead of the company’s first earnings report since it went public in August. While it reported strong profits, the stock corrected itself and finished the week at over 13%. As of Friday, September 4, Gilbert is $ 51 billion – $ 7.3 billion lower than the previous week, but nearly eight times richer than a year ago.


Here one forgets the billies, which begin this weekend.

The net price change is close to the markets from Friday, August 28 to Friday, September 4.

Net work | $ 87.9 billion, $ 9.9 billion

Country United States of america

Source of WEALTH | TESLA


Net work | $ 51 billion, $, .3 billion

Country United States of america

Source of WEALTH | Quickin loans



Net work | $ 193.5 billion, download $ 5.8 billion

Country United States of america

Source of WEALTH | Amazon


Net work | $ 72.9 billion, $ 4.1 billion download

Country United States of america

Source of WEALTH | Microsoft


Net work | $ 103.8 billion, $ 4 billion download

Country United States of america

Source of WEALTH | Facebook


Net work | $ 74.2 billion, $ 2.7 billion download

Country United States of america

Source of WEALTH | Oracle


Net work | $ 65.3 billion, $ 2.5 billion download

Country Spain

Source of WEALTH | just


Net work | $ 57.5 billion, $ 2.3 billion

Country China

Source of WEALTH | Tencent


Net work | $ 70.6 billion, $ 2.2 billion download

Country United States of america

Source of WEALTH | Google


Net work | $ 68.7 billion, $ 2.1 billion

Country United States of america

Source of WEALTH | Google

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