Home / Publications / Digest / Elon Musk lost $ 5.5 billion during the week because of the "stupid panic" about COVID-19

Elon Musk lost $ 5.5 billion during the week because of the "stupid panic" about COVID-19

Digest
1 370
0

In the top 10 billionaires with the largest losses last week included Elon Musk, the owner of Louis Vuitton and widow of Steve jobs

Elon Musk lost $ 5.5 billion during the week because of the "stupid panic" about COVID-19

Tesla Founder Elon Musk has lost 5.5 billion dollars per week, i.e. 18%, and now his fortune is estimated at 31.1 billion dollars, counted Forbes. Earlier, the billionaire called "stupidity" panic due to coronavirus COVID-19. In the United States greatly spread like a virus and anxiety about it, and Tesla's shares dropped by 22%.

Billionaires who lost the most in a week:

  • Bernard Arnault, LVMH — $ 14 billion;
    • Amancio Ortega, Inditex — 12.8 billion;
      • françoise Bettencourt-Meyers, L`Oral — 8.9 billion dollars;
        • Carlos slim of America Movil — $ 7 billion;
          • Jeff Bezos, Amazon — 6.4 billion.

          the day after the strongest market collapse since "black Monday" 1987, the Dow rose by 9.25%, despite the fact that in the second half of the day on Friday, the President, Donald trump declared in the US state of emergency due to the coronavirus. However, even with this markets many of the world's richest people are unable to recover from the active sales of financial assets that occurred earlier this week. A week after the close of trading on March 6 as the ten billionaires with the greatest losses fell by a huge amount of 76.4 billion.

          In the world was more than 155 thousand cases. Died of 5.8 thousand people. Cases have been diagnosed in 135 countries.

          Countries take more stringent measures to combat the spread of coronavirus – cancel sports events, close borders and schools and businesses are switching to remote mode employees. Under threat even host the summer Olympic games in Tokyo. The U.S. has limited air service to Europe, and the collapse in oil prices could hurt developers of shale deposits in the United States and the countries – exporters of oil.

          this increases the risk of a recession in the world, economists warn. "We are approaching a global recession, wrote on Twitter former Vice President of the ECB Vitor Constancio. – The measures necessary to combat the spread of coronavirus, make it inevitable."

Сomments
Add a comment
Сomments (0)
To comment
Войти с ВК Войти с ФБ Войти с Яндекс
Sign in with:
Войти с ВК Войти с ФБ Войти с Яндекс