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Elon Musks formue barbert med 690 milliarder – på én dag

På to børsdager har formuen til verdens rikeste mann krympet dramatisk.

Elon Musks formue barbert med 690 milliarder – på én dag

On Thursday, a tumultuous day on Wall Street, Elon Musk entered the trading session with a net worth of $864.6 billion, according to the Bloomberg Billionaires Index. By the end of the trading day, around $74 billion had been wiped off his fortune, equating to over $690 billion in Norwegian krone. In total, nearly $107 billion of Musk's wealth was lost over the two trading days following the U.S. midterm elections.

Thursday saw Tesla's stock drop by over 10%, while Space X fell by about 9%. Collectively, the stocks were down by 13.8% and 12.5% respectively over the two days. This marked the worst trading day of the year on Wall Street. The tech-heavy Nasdaq index fell by 5.52%, while the broader S&P 500 index ended down by 4.36%. Musk had earmarked large sums for the Republicans.

The New York Times estimates that he spent $474 million, around $4.4 billion, on Republican candidates and political groups during the election period, making him the largest single donor in the midterms. A significant portion of that money went to Texas, where Republicans still lost both the Senate and Governor's races. Democrats made a dramatic upset, taking control of both Congress and the Senate.

Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at e24.no →

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