As more women come forward to share their stories at the hands of the celebrity CEO, let us not forget that several years ago, there was the buzz going around that not only was he paying for the legal team of the A- lister but had his hacking squad and dirty tricks people going after the A list actor.
Elon Musk lost $10 billion in net worth in a single day after sexual misconduct claims emerged
Tesla CEO Elon Musk lost $10 billion in just a single day after claims of sexual misconduct against him emerged.
He was worth about $212 billion on Thursday, according to the Bloomberg Billionaires Index. After news of the allegations broke on Thursday night, his wealth fell to around $201 billion, the index showed.
According to Insider’s report, SpaceX, the aerospace firm founded by Musk, paid a flight attendant $250,000 to settle a sexual misconduct claim against Musk in 2018. Musk has denied the claim.
Musk owns around 47% of SpaceX. Last week, the company was estimated to have reached a $125 billion valuation. But it’s a privately-held company, and as such, its valuation doesn’t change much from day to day.
But Musk’s sexual misconduct news and related financial fallout is just the latest incident in a protracted wealth decline since the start of this year. Per Bloomberg’s estimate, he is now more than $69 billion poorer year-to-date. That’s partly because Tesla’s stock price was pulled down amid a global stock-market selloff as investors worried about the health of the global economy. – Source
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