Elon Musk Net Worth: Russia-Ukraine conflict dealt a blow to Elon Musk, kicked out of $200 billion club

The ongoing conflict between Russia and Ukraine has had an impact not only on Russian billionaires but also on the world's top rich. Elon Musk, the world's richest man, is also not untouched by this. Talking about a report, due to this crisis, Elon Musk has also been out of the club of $ 200 billion.

$13.3 billion loss on Wednesday

Significantly, the impact of the Russia-Ukraine dispute is visible from the stock markets around the world to crude oil. While there has been an outcry in the markets, the price of Brent crude has reached an eight-year peak i.e. beyond $100. Now talk about the effect on the world's rich, the wealth of the richest Elon Musk decreased by $ 13.3 billion on Wednesday. After this decline, Musk's net worth came down to $ 198.6 billion. That is, he also got out of the $ 200 billion clubs. This huge loss in just one day has affected not only Elon Musk but also the net worth of other rich people.

Bad start of the year for Musk

However, even after this big fall, Elon Musk, the CEO of companies like electric car Tesla and SpaceX, remains the world's richest person. The major reason for this decline is the sharp fall in Tesla's shares, which on Wednesday fell to the lowest level since September. The beginning of the year 2022 was not very good for Musk, it was told in the report that he has lost about $ 71.7 billion since January 01.

The condition of other top rich is also bad

Due to the Russia-Ukraine dispute, the net worth of the top three billionaires of the world, Elon Musk, Bernard Arnault, and Jeff Bezos, who are in the top three, has decreased by about Rs 1.51 lakh crore. According to the Billionaires Index, Jeff Bezos has lost $22.9 billion since January, while Bernard Arnault has suffered a loss of $22.5 billion in this period. Microsoft co-founder and the world's fourth-richest Bill Gates has lost $15.7 billion since January 1.

Russian billionaires lose $32 billion

Russia's billionaires are suffering heavy losses due to the ongoing tension with Ukraine. The wealth of the country's richest people has declined by $32 billion since the beginning of 2022. According to a report, the 23 top billionaires currently have a net worth of $343 billion, up from $375 billion at the end of the year.