• Business - Companies
  • Updated: January 13, 2021

Elon Musk Falls To Second Richest In The World

Elon Musk Falls To Second Richest In The World

Elon Musk’s position as the richest person in the world was short-lived after his fortune fell by nearly $14 billion in one day.

According to Forbes report, the electric-vehicle maker, Tesla, fell by nearly 8% on Monday, pushing Musk’s net worth down by $13.5 billion, to $176.2 billion. After briefly overtaking Amazon CEO Jeff Bezos as the world’s richest person last Friday, Musk has again fallen to the second spot.

AllNews Nigeria understands that Elon Musk is now about $6 billion behind Bezos, who has a net worth of $182.1 billion.

Recall Elon Musk advised his Twitter followers to use the more secure messaging app, Signal, instead of Facebook products and WhatApp.

Musk in a tweet shared a meme referencing Facebook’s role in the spread of misinformation leading to the attack on Congress last week and suggested people should use the Signal app.

READ ALSO: Elon Musk Urges Followers To Dump Facebook, WhatsApp For Signal App

About Signal App

The Signal app is free to download and was developed to send encrypted text, image, audio, and video messages for individuals and groups. It can also be used for encrypted phone calls between Signal users for mobile users.

Signal has previously been the communication method of choice for activists, people in the hacker community, and others concerned about privacy.

Meanwhile, prior to Musk’s tweet, shares of Signal Advance hadn’t climbed above 60 cents. Due almost entirely to investor signals being crossed, the stock closed at $3.76 on Jan. 7, and $7.19 on Jan. 8. Momentum accelerated even further yesterday, pushing the closing price to $38.70, an increase of 6350% over three trading sessions.

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