Elon Musk’s wealth dropped by $13 billion in a dramatic 24 hours

April 20 turned out to be a dramatic day for Tesla, SpaceX, and Twitter owner Elon Musk.

First, Tesla released financial results for the January-March quarter that proved disappointing for investors, sending the electric vehicle maker’s share price down 9.75 percent.

After that, Elon Musk’s company SpaceX’s Starship rocket exploded 4 minutes after its maiden flight.

Elon Musk then removed blue ticks from free verified accounts on Twitter on April 20, as promised.

Due to all these events, the wealth of the second richest person in the world has also been affected.

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As a result of these dramatic 24 hours, Elon Musk’s wealth decreased by 12.4 billion dollars.

This is the first time in 2023 that Elon Musk’s wealth has fallen so much in one day.

After a decrease of about 13 billion dollars, the value of Elon Musk’s assets has reached 164 billion dollars.

France’s Bernard Arnault took away the title of the world’s richest person from Elon Musk last year, but the SpaceX founder’s wealth has increased by 26.8 billion dollars so far in 2023.