Elon Musk’s net worth slips after eventful week: report
The head of Tesla and SpaceX is still the third richest person valued at $145.5 billion
Elon Musk may have gotten a lot of publicity from his appearance on last weekend’s "Saturday Night Live", but it didn't help his net worth.
The billionaire’s net worth has dropped by $20.5 billion since his appearance, according to Forbes and reported by the New York Post.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The head of Tesla and SpaceX is still the third richest person valued at $145.5 billion and up $110 billion from a year ago as of the close of Thursday's markets.
Its been an eventful, but costly week for Musk. First, he hosted SNL where as part of a comedy skit, he made a joke about the cryptocurrency Dogecoin which he has been throwing his support behind.
'SNL' WEEKEND UPDATE ANCHORS ASK ELON MUSK: ‘WHAT IS DOGECOIN?’
That sent Dogecoin down 21% during the broadcast., according to Coindesk.
He also set a new policy concerning Bitcoin and Tesla cars.
On Wednesday, Musk announced the company would no longer accept Bitcoin as a payment for its electrical vehicles, which sent the cryptocurrency reeling.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 357.09 | +11.93 | +3.46% |
Musk said that while he believed the digital currencies had a promising future, it could not come at the cost of the environment.
CLICK HERE TO READ MORE ON FOX BUSINESS
Forbes estimates Tesla shares dropped 15% this week.