Elon Musk Has Been Downgraded To Forbes’ SECOND Richest Person In The World
Poor Elon Musk. No, literally, POOR Elon Musk because he can no longer claim the title of Forbes’ richest person in the world since he has been dethroned! I would say this is just a bit of karma for his continuous efforts to murder Twitter before the end of the year. But let’s not begin checking our pockets for loose change to throw at his elongated face just yet. Because although he may not be number one anymore, he’s still every kind of rich by securing the number two spot with a paltry $181.3 billion.
According to Forbes, Elon has been spending way too much time with his new side piece Twitter while his ride-or-die bottom bitch Tesla pays the price for his immaturity. We all know he has become the living version of the chorus from Big Sean’s I Don’t Fuck With You, because NOBODY likes him. And while he continues trying to prove a point by working his staff so hard their office has turned into a cheap motel, Tesla is on the sideline hemorrhaging money as investors look at each other saying “I told you so!” because they knew Elon’s involvement with Twitter wouldn’t lead to anything good for them.
Tesla shares fell by 4% Monday morning, shaving nearly $5 billion off of the fortune of CEO Elon Musk as of 10:30 a.m. ET. That was enough to knock Musk back to the number two spot on Forbes’ list of the world’s richest people, trailing Bernard Arnault of French luxury conglomerate LVMH, worth $186 billion. Musk was worth $184 billion [at the time].
“[Tesla] cut prices in China, so that’s not helping the stock,” says Miller Tabak’s chief market strategist Matt Maley. “There was also a negative article in the Heard on the Street column in the WSJ, so that seems to be the main reason for today’s decline.”
Since taking over Twitter, Musk has assumed the role of micromanaging CEO, tweeting frantically throughout the process and lending credence to Tesla investors’ concerns that the acquisition would be a distraction.
Just for context, as of yesterday, Bernard Arnault was worth $186.2 billion, and Elon’s barely filled piggy bank came in at $181.3 billion. So where is Elon while this dumpster fire is taking place? He is probably somewhere crafting more tweets to make himself look like he’s a total badass. But it will only be a matter of time before his badass business practices make him slip from number 2 to number 10, and that’s when we should start passing around the collection plate. But not for him. We’ll be donating money to whoever is above him so they can keep Elon at the bottom of the list forever. It’ll be our way of giving back to the people.
Pic: INSTARImages