Musk’s wealth nosedives $12.6 bn after chaos at SpaceX, Tesla, Twitter

San Francisco, April 22 : Elon Musk saw his wealth plummet by more than $12 billion in just a day as he faced chaos and disappointing news from across his companies -- SpaceX, Twitter and Tesla.According to Bloombergs Billionaires Index, this was the biggest drop in Musks wealth so far this year.

Teslas share price fell by 9.8 per cent after disappointing first quarter results.Teslas operating income decreased 24 per cent to $2.7 billion in Q1 2023 as the Elon Musk-run EV maker continues to cut prices of its vehicles.On the same day, SpaceXs integrated Starship spacecraft experienced a "rapid unscheduled disassembly" four minutes into its first test flight.

SpaceXs giant Starship rocket exploded after its launch from the US state of Texas on Thursday.The rocket got off the launch pad in SpaceXs Starbase in South Texas but exploded minutes later.The spacecraft failed to reach orbit.

Twitter also went into chaos after Musk removed legacy Blue check marks, leaving hundreds of celebrities in the doldrum.Musk still remains the worlds second-richest person despite this latest tumble in net worth, behind French tycoon Bernard Arnault, reports The Verge.

Musks fortune once sat as high as $320 billion in late 2021.Later, he became the first person in history to lose over $200 billion.

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