• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Elon Musk's Net Worth Just Reduced By $10 Billion In A Single Day

Home> Technology

Updated 11:18 23 May 2022 GMT+1Published 11:17 23 May 2022 GMT+1

Elon Musk's Net Worth Just Reduced By $10 Billion In A Single Day

Elon Musk’s net worth plummeted by $10 billion in a single day after claims of sexual misconduct against him emerged earlier this month.

Aisha Nozari

Aisha Nozari

Elon Musk’s net worth plummeted by $10 billion in a single day after claims of sexual misconduct against him emerged earlier this month.

It was reported days ago that Musk-founded aerospace firm SpaceX paid $250,000 to a flight attendant in 2018 to settle a sexual misconduct claim against Musk, who is the world’s wealthiest man. 

Musk was worth approximately $212 billion on Thursday morning, 19 May, but by that evening his wealth had dropped to around $201 billion.

Advert

Elon Musk’s net worth plummeted by $10 billion in a single day.
Alamy

The colossal reduction was reported by Insider, which pointed to figures on the Bloomberg Billionaires Index.

The outlet notes that despite Musk owning 47% of SpaceX – which last week was valued at an eye-watering $125 billion – the stocks of electric car company Tesla, of which Musk is CEO, have more impact on his wealth.

When Insider first reported on the allegations facing Musk last week, Tesla's share price tanked 6.4 percent.

Advert

A flight attendant reportedly accused Musk of exposing his erect penis to her, rubbing her leg without consent and offering to buy her a horse in exchange for an erotic massage.

Musk was quick to refute the allegations on social media, tweeting: “For the record, those wild accusations are utterly untrue."

He also told Insider the story was a ‘politically motivated hit piece’ when the outlet approached him for comment.

Musk wrote: "If I were inclined to engage in sexual harassment, this is unlikely to be the first time in my entire 30-year career that it comes to light."

In the unnamed flight attendant’s declaration, which was signed by a friend, she alleged Musk asked her to come to his room during a flight in 2016 for a ‘full body massage’.

Advert

She arrived to find Musk ‘completely naked except for a sheet covering the lower half of his body’ and said that during a massage he ‘exposed his genitals’ and ‘touched her and offered to buy her a horse if she would 'do more'.'

SpaceX president Gwynne Shotwell promised the company would ‘rigorously investigate all harassment or discrimination claims’.

UNILAD has reached out to Musk's representatives for comment.

On Friday, 20 May, Musk seemingly made light of the situation when he sent YouTube co-founder Chad Hurley a tweet that read: “Hi Chad! Fine, if you touch my wiener, you can have a horse.”

Advert

Hurley had tweeted Musk saying: “Hey, @elonmusk! Stop horsing around and close this Twitter deal. We all want a happy ending!”

Musk is famously intending to buy Twitter at some point in the near future.

If you have been affected by any of the issues in this article and wish to speak to someone in confidence, contact The Survivor’s Trust for free on 08088 010 818, or through their website thesurvivorstrust.org 

Featured Image Credit: Elon Musk/Instagram/Alamy

Topics: Elon Musk, Technology, SpaceX, Tesla

Aisha Nozari
Aisha Nozari

Advert

Advert

Advert

Choose your content:

14 hours ago
4 days ago
5 days ago
6 days ago
  • 14 hours ago

    Stunning NASA images of the Moon and Earth from the ISS left astronaut in complete awe

    If you're a flat earther, turn away now...

    Technology
  • 4 days ago

    Biohacker who spends $2,000,000 a year to ‘live forever’ has very honest answer as he responds to people calling him ‘crazy’

    He gave a rather confident reply

    Technology
  • 5 days ago

    NASA intern stole $21,000,000 worth of moon rocks in heist only to perform shocking sexual act with them

    Thad Roberts teamed up with two other interns from the space agency to pull off the theft

    Technology
  • 6 days ago

    Experts issue dire warning about which jobs will be replaced by AI by 2027

    The businessman listed careers he believes are on the chopping block on The Diary Of A CEO podcast

    Technology